New Issue: Empresas Publicas de Medellin sells COP 965.75 billion 7 5/8% notes due 2024 at par

By Christine Van Dusen

Atlanta, Sept. 4 – Colombia’s Empresas Publicas de Medellin ESP priced COP 965.75 billion 10-year notes at par to yield 7 5/8% on Wednesday, a market source said.

The notes were talked at a yield in the high-7% area.

BofA Merrill Lynch, HSBC and Itau were the bookrunners for the Rule 144A and Regulation S deal.

The issuer is a Medellin, Colombia-based public services company.

Issuer:	Empresas Publicas de Medellin ESP
Amount:	COP 965,745,000,000
Maturity:	Sept. 10, 2024
Description:	Notes
Bookrunners:	BofA Merrill Lynch, HSBC, Itau
Coupon:	7 5/8%
Price:	Par
Yield:	7 5/8%
Trade date:	Sept. 3
Settlement date:	Sept. 10
Expected ratings:	Moody’s: Baa3
	Standard & Poor’s: BBB
	Fitch: BBB
Distribution:	Rule 144A and Regulation S
Price talk:	High-7% area

© 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.