Public utility bond issue sets record for sale in Colombian pesos

The public utility company owned by the Colombian city of Medellin has issued $764 million in bonds on the international market in a bid to pay dollar-denominated debt, the company said.

The Empresas Publicas de Medellín (EPM) bonds come due in 10 years and have a yield of 8.375 percent. It is the largest ever sale of bonds denominated in Colombian pesos on the international market.

Source: Reuters