Tigo drafts local bond program

Tigo drafts local bond program

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Telecoms Colombia

Colombian telecommunications company UNE EPM Telecomunicaciones said it has received approval from the Finance Ministry to issue up to COP1 trillion ($295 million) worth of notes in the local bond market. The company, which conducts business under the Tigo brand name, added that it is still waiting for authorization to issue new notes from the securities regulator Superfinanciera. According to press reports, Tigo intends to issue notes with maturities of up to 40 years to pay off debts that come

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