GEB places local notes

GEB places local notes

Bonds Debt Capital Markets Fixed Income Energy Electricity Colombia Andean

Bogotá's city-owned energy company Grupo Energía Bogotá (GEB) sold COP950 billion ($255 million) worth of peso-denominated notes in the local market on Thursday, according to the Colombian stock exchange BVC. The company split the deal into three parts with COP321 billion in seven-year notes, COP215 billion in 15-year notes, and COP414 billion in 25-year notes. In a Dutch auction, GEB priced the seven-year paper at the IPC consumer price index plus 3.24%, while it placed the 15-year notes at the

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