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Emerging MarketsEM LatAm

AI Candelaria overcomes Colombian turbulence to notch $600m

Bogota, protests, Colombia, ESMAD, 575, LatAm

AI Candelaria, the holding company through which private investors own a stake in Colombian oil pipeline Ocensa, returned to bond markets on Monday with a larger than expected $600m deal as Ocensa’s resilience during the coronavirus pandemic outweighed concerns about social unrest and a potential credit rating downgrade in Colombia.

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