Home / Daily Briefs / 2023 / 24 / Gases del Caribe lays out bond sale in Colomiba

Gases del Caribe lays out bond sale in Colomiba

Gases del Caribe lays out bond sale in Colomiba

March 24, 2023 | Hernán Goicochea
Colombian natural gas company aims to raise $126 mln in a five-part deal

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

Colombian natural gas company Gases del Caribe intends to sell up to COP600 billion ($126 million) worth of bonds in a five-part deal in the local market, according to a prospectus. Gases del Caribe plans to price one series of peso-denominated notes at a fixed rate and three series in pesos with spreads based on the IPC price consumer index, IBR interbank lending rate and the DTF interest rate. It also expects to issue a fifth series in UVRs, a unit of account that adjusts for inflation, at a f

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