AI Candelaria adds again to 2028 notes

AI Candelaria adds again to 2028 notes

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

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

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