Promigas pipes up with tap plans

PipelineBleak_Adobe_575x375
By Oliver West
14 Oct 2020

Colombian natural gas distributor Promigas could return to bond markets a year after its debut as it mandated banks for a reopening of its 2029s.

Citi and JP Morgan are leading investor calls for Baa3/BBB- rated Promigas, which wants to sell $150m of bonds to repay existing debt.  

Promigas was first in bond markets in October 2019, when it sold $400m of the bonds at a spread of 230bp over US ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial