Colombia's Empresa de Energia de Bogota sets deal size at $610 million

By Paul A. Harris

Portland, Ore., Nov. 2 - Colombia's Empresa de Energia de Bogota SA ESP (EEB) set the size of its planned note offering at $610 million on Wednesday, according to a market source.

The energy company plans to price that amount of 10-year unsecured unsubordinated notes (expected ratings Baa3/BB+/) during the Oct. 31 week. The notes will be non-callable for five years.

Deutsche Bank and Santander are the bookrunners for the Rule 144A and Regulation S offering.

Proceeds will be used to prepay EEB International's $610 million of outstanding 8¾% notes due in 2014.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.