Press releases


November 2013

EEB succesfully places us$ 112 million in the international capital market

15 November 2013


  • EEB achieves a successful re-opening of its bonds expiring on November 2021, through private placement with the involvement of top-level investors.
  • The bond was ranked as investment grade by Moody’s & Fitch.
  • It coincides with the second anniversary of the first bond placement amounting to US$ 610 million.

Bogota, D.C., 15 November 2013

Today, Empresa de Energía de Bogotá S.A. E.S.P successfully reopened its bond expiring on November 2021 through private placement led by the Deutsche Bank, who acted as the runner bank. Face-value amount of this reopening reached US$112 million, at a price of 101.75, which meant a yield to maturity of 5.847%, a lower rate when compared to the initial coupon rate of 6.125%; the remaining maturity is eight (8) years.  

This reopening is totally fungible with bonds issued in the initial transaction, which will increase bonds liquidity and potential valuation on secondary markets. The transaction was authorized by the General Directorate of Public Credit and National Treasury by means of Resolution 2121 of 3 July 2013 and Resolution 3690 of 5 November 2013, and had been issued a favorable opinion from the Colombian National Planning Department – DNP on 17 May 2013.

Resources thereof, together with additional resources from the company’s cash generation will be used to finance investments in Guatemala, hence strengthening the transmission infrastructure in this Central American country, through its affiliates Trecsa and EEBIS. 

Mrs. Sandra Stella Fonseca, CEO of Grupo Energía de Bogotá, stated that “this successful reopening evidences once again investors’ trust in EEB’s financial soundness, in our business plan and in our growth process.”   

About Grupo Energía de Bogotá

Grupo Energia de Bogotá is the leading corporation in the Colombian power sector. Through EEB it transports electricity to the most significant markets in terms of demand and size in the country, in addition to controlling the largest natural gas carrier in Colombia, TGI S.A. In Peru, 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 natural gas distribution in Lima and Callao.  In that same country, together with ISA, it holds stocks in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in Peru. In 2010, it established TRECSA - Transportadora de Centroamérica S.A.- that is building the most important infrastructure Project in Guatemala and will render electricity transmission services as of 2013. Furthermore, it holds an investment portfolio in the most important companies in the electric power sector, in which the following stand out, CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., la Empresa de Energía de Cundinamarca - EEC and Electrificadora del Meta, EMSA and to a lesser extent ISA and ISAGEN. As of 2013, the Group renders advisory and engineering services in Guatemala and Peru through its affiliates EEB Ingeniería y Servicios.

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