By Christine Van Dusen
Atlanta, Jan. 24 - Colombia's Empresas Publicas de Medellin ESP priced COP 1.25 trillion 8 3/8% notes due Feb. 1, 2021 at 99.179 to yield 8½%, a market source said.
Bank of America Merrill Lynch and Barclays Capital were the bookrunners for the Rule 144A and Regulation S notes, which are payable in dollars.
Proceeds will be used for general corporate purposes.
The issuer is a Medellin, Colombia-based public services company.
| Issuer: | Empresas Publicas de Medellin ESP
|
| Amount: | COP 1.25 trillion
|
| Maturity: | Feb. 1, 2021
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital
|
| Coupon: | 8 3/8%
|
| Price: | 99.179
|
| Yield: | 8½%
|
| Trade date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Distribution: | Rule 144A and Regulation S
|
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