Colombia's EEB Plans to Sell $710 Million in Seven-Year Bonds

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  • Empresa de Energia de Bogota SA ESP

    Colombia's EEB Plans to Sell $710 Million in Seven-Year Bonds

    By Guillermo Parra-Bernal

    Wednesday, October 24, 2007

    (Bloomberg) -- Empresa de Energia de Bogota SA ESP, Colombia's second-biggest electricity transporter, may sell $710 million of seven-year bonds to European investors as soon as today, people familiar with the offering said.

    EEB, as the Bogota-based company is known, originally had planned to sell $500 million of the senior, unsecured notes, said the people, who declined to be identified because terms aren't set.

    The company offered yesterday to pay 9 percent for the issue, the people said. Demand for the bonds led EEB to increase the size of the sale, they said, pushing the yield down to 8.875 percent.

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