Press releases


March 2012

TGI Bond demand exceeded six times its offer

Bogotá, Colombia, 15 March 2012

  • With a demand amounting to US$4,8 billion, exceeding by 6.4 times the amount offered, Transportadora de Gas Internacional S.A. ESP. (TGI) carried out an international bond issuance today amounting to US$750 million.
  • These resources will be used to substitute the international bond issuance made by the company in 2007.
  • This substitution of foreign debt will represent annual savings amounting to US$28.5 million of interests payment.

These securities were placed for ten years, expiring on 2022 and will pay interests twice a year in arrears. Citigroup and Credit Suisse were the banks leading this operation. 

The closing rate of this new issuance was 5.70%, which is historically low for a Colombian corporate issues, only 343 basic points above the US Treasury reference and 242 basic points above the reference of Colombia sovereign bonds. 

About Grupo Energía de Bogotá

Grupo Energía de Bogotá is a leading corporation in the Colombian energy sector. Through EEB it transports electricity to a market enjoying one of the largest demands in the country and greatest in size.  In addition it has control of the major natural gas carrier in the country, TGI S.A.  In Perú, its company CONTUGAS has a 30 year concession for the transportation and distribution of natural gas in the Ica Department, while CALIDDA is in charge of distributing natural gas in Lima and Callao.  In that same country, ISA, participates in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in the country. In 2010, it incorporated TRECSA - Transportadora de Centroamérica S.A.- that will build the most important energy infrastructure project in Guatemala and will render electricity transmission services as of 2013.  Furthermore, it holds a portfolio of significant investments in large companies in the energy sector, amongst which the following stand out CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., Empresa de Energía de Cundinamarca - EEC and Electrificadora del Meta, EMSA and in a lesser scale ISA and ISAGEN