August 7, 2020 |
AI Candelaria, a Madrid-based holding company that owns a stake in the Colombian crude oil pipeline operator Oleoducto Central (Ocensa), added $50 million to its 7.5% 2028 bonds on Thursday, according to a source involved in the deal.
AI Candelaria priced the tap at 106.688 to yield 6.125% with Citi and Credit Suisse as the leads. The deal opened with initial price talk around 6.375%, the source said.
The company will add put part of the proceeds in its debt service reserve account and use anoth
Colombian pipeline stakeholder raises $50 mln to put in its reserve account and pay shareholder dividends