Colombia’s Promigas a safe bet amid LatAm storms

Gas grid 230x150 maintenance
By Oliver West
09 Oct 2019

Colombian natural gas distribution company Promigas had a smooth time on its first international bond market outing. Bankers said new issue markets in Latin America would continue to tick over, despite political volatility across the region.

Compared to its neighbours to the south, Colombia’s latest political goings on are relatively mild. Former president Álvaro Uribe appeared in front of the Supreme Court this week as part of a bribery and fraud investigation. And in a solid sector, few expected Baa3/BBB- rated Promigas to struggle. 

“It ...

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