By Christine Van Dusen
Atlanta, Jan. 10 - Colombia's Empresa de Telecom de Bogota (ETB) priced a 530.18 billion Colombian peso notes due Jan. 17, 2023 (Ba1//BBB-) with a 7% coupon at par, a market source said.
The notes were talked at a yield in the low- to mid-7% area.
Deutsche Bank Securities and Goldman Sachs were the bookrunners for the Rule 144A and Regulation S.
ETB is a Bogota, Colombia-based telecommunications company.
| Issuer: | Empresa de Telecom de Bogota (ETB)
|
| Amount: | COP 530.18 billion
|
| Maturity: | Jan. 17, 2023
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank Securities, Goldman Sachs
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 17
|
| Expected ratings: | Moody's: Ba1
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | low- to mid-7% area
|
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