June 25, 2020
Bogotá's city-owned energy company Grupo Energía Bogotá (GEB) could offer up to COP950 billion ($255 million) in its next bond sale in the local market, according to a securities filing on Wednesday.
GEB plans to raise at least COP800 billion from a three-part deal on the BVC stock exchange, but it could increase the size of the offering by COP150 billion to meet demand, it said in the filing.
The company will divide the deal into three parts with maturities of seven, 15 and 25 years. The seven-
Bogotá's city-owned energy company aims to raise $255 mln to refinance debt