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Emerging MarketsEM LatAm

SierraCol debuts in LatAm HY

Bogota, electricity, lights, power, GEB, EEB, Grupo Energia Bogota, LatAm, Colombia, 575

SierraCol Energy, the Carlyle Group-owned spin-off of Occidental Petroleum’s onshore operations in Colombia, sold its inaugural international bond issue on Monday to continue a surge in LatAm high yield issuance — though some bankers felt the underwhelming aftermarket performance of other recent borrowers affected the deal.

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