GEB preps local debt deal in quiet market

GEB preps local debt deal in quiet market

Bonds Debt Capital Markets Fixed Income Corporate & Sovereign Strategy Energy Electricity Colombia

Colombian electric utility company Grupo Energía Bogotá said on Wednesday that it received regulatory approval to sell up to COP1.36 trillion ($335 million) worth of bonds in the local market, according to a securities filing. The bond market in Colombia has been quiet as concerns about the global outbreak of the coronavirus, COVID-19, and a sharp drop in oil prices have spooked investors. Local construction company Construcciones El Cóndor had planned to issue COP60 billion in new notes this we

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