Friday, 6 February 2009

ISA May Tap Cross-Border Bond Market to Finance Projects, LatinFinance Reports

Colombia's Interconexión Eléctrica SA, known as ISA, is considering tapping international bond markets ''in the latter half of the year to finance its many projects in Brazil, Colombia and Peru,´´ said newsletter LatinFinance, citing ISA CFO Camilo Barco. ISA is Latin America's biggest electricity distributor company and is based in Medellín, Colombia.

One option under consideration is the issuance of a three-tranche cross border, ten-year bond of benchmark size or bigger, to fund ISA’s units in Brazil (CTEEP), Colombia and Peru. The debt whose proceeds would go to the units outside Colombia could be sold locally -- in Brazil and Perú, -- Barco told the newsletter.

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