TPL kicks off Colombia as Bancolombia seeks refi

Bancolombia, HQ, head office, Medellin, Colombia, LatAm
By Oliver West
09 Jan 2020

Generation company Termocandelaria Power Limited (TPL) returned to capital markets on Thursday to start Colombian bond issuance for the year. The sovereign is expected to follow suit soon.

Termocandelaria added $186m to its existing 7.875% amortising bonds maturing in 2029 on Thursday. The company had held investor calls on Tuesday and Wednesday, having first tapped international markets exactly one year ago.

After setting guidance at a dollar price of 109.5-110.0, leads JP Morgan and Scotiabank ...

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