Interconexion Electrica S A : Successful placement of ISA bonds
January 22, 2018 at 07:04 pm EST
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ISA placed bonds in the local market for COP 500,000 million.
These bonds had a 2.8 times excess demand compared with the amount offered.
ISA placed bonds in the local market for COP 500,000 million, corresponding to subseries A8, C14 and C30 from the twelfth Tranche of the Program on Issuance and Placement of Securities of ISA's Internal Public Debt.
The total amount claimed reached COP 1,128,140 million, with a 2.7 times excess demand (calculated on the amount offered).
The placement was made through the Colombia Stock Exchange (BVC), under the Dutch auction for pricing shares method. The underwriters were BTG Pactual S.A., Credicorp Capital Colombia S.A., and Valores Bancolombia S.A.
The bonds placed have the following characteristics:
The Program on Issuance and Placement of Securities of ISA's Internal Public Debt has a 'AAA' rating, with a stable outlook, granted by Fitch Ratings Colombia, reflecting the company's low business risk profile, which is common in the energy transmission business.
'This placement ratifies the trust investors have in the Company, the company's leadership in the capital market and the support to the group's growth in the region', said, Bernardo Vargas Gibsone, ISA's CEO.
Resources obtained in this placement process will be used for financing company investments.
ISA - Interconnection Electric SA ESP published this content on 22 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 January 2018 00:04:03 UTC.
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Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.
INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. 
