(Bloomberg) -- Bogota, Colombia's capital city,
plans a sale of $300 million of 21-year, peso-denominated bonds
in international markets as part of its plans to refinance
maturing debt and fund infrastructure projects, according to a
person familiar with the sale.
The bonds will have equal amortization of capital in 2026,
2027 and 2028 and be payable in U.S. dollars, according to the
person, who declined to be cited by name because terms aren't
set. The issue is expected to be rated Ba1 by Moody's Investors
Service, and BB+ by Standard and Poor's and Fitch Ratings Inc.
respectively. All ratings are one level below investment grade.
Read more at Bloomberg Emerging Markets News
plans a sale of $300 million of 21-year, peso-denominated bonds
in international markets as part of its plans to refinance
maturing debt and fund infrastructure projects, according to a
person familiar with the sale.
The bonds will have equal amortization of capital in 2026,
2027 and 2028 and be payable in U.S. dollars, according to the
person, who declined to be cited by name because terms aren't
set. The issue is expected to be rated Ba1 by Moody's Investors
Service, and BB+ by Standard and Poor's and Fitch Ratings Inc.
respectively. All ratings are one level below investment grade.
Read more at Bloomberg Emerging Markets News
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