By Christine Van Dusen
Atlanta, Jan. 21 - Colombia's Emgesa SA ESP priced COP 740 billion notes (/BBB-/BBB-) due Jan. 25, 2021 at par to yield 8¾%, a market source said Friday.
Citigroup and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S notes, which are payable in dollars.
Proceeds will be used for general corporate purposes, to finance new projects and to repay existing debt.
Emgesa is an electricity supplier based in Bogota, Colombia.
| Issuer: | Emgesa SA ESP
|
| Amount: | COP 740 billion
|
| Maturity: | Jan. 25, 2021
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank
|
| Coupon: | 8¾%
|
| Price: | Par
|
| Yield: | 8¾%
|
| Trade date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Ratings: | Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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