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State-utility company Empresas Publicas de Medellin SA, or EPM, will launch Tuesday a bond issue for COP350 billion ($183 million), the company said in a statement.
The bonds will be linked to inflation and have maturities in 2016, 2022 and 2030, the company said.
Colombian bonds have benefited from high liquidity and investors’ appetite for local bonds as the country’s sovereign debt could receive investment-grade status next year.
The sale is part of EPM’s COP2 trillion ($1.05 billion) debt plan for this year.
(Darcy Crowe / Dow Jones Newswires)
