AI Candelaria bumps up buyback after bond sale

AI Candelaria bumps up buyback after bond sale

Bonds Debt Fixed Income Capital Markets Colombia Spain Energy Pipelines Oil

AI Candelaria, a holding company that owns a stake in the Colombian crude oil pipeline operator Oleoducto Central (Ocensa), said it increased the size of a planned buyback of outstanding bonds after investors turned in more than the originally targeted amount. Madrid-based AI Candelaria now plans to repurchase $375 million in 7.5% 2028 bonds, up from $350 million, using the proceeds from the sale this week of $600 million in new 5.75% 2033 notes, it said in a statement late Monday. Bondholders t

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