Today, ISA placed bonds in the local market for COP 500.000 million, corresponding to sub-series C10, C15 and C20 of the ninth tranche of ISA’S Domestic Public Debt Security Issue and Placement Program.
The total amount demanded was COP 914.999 million, which was oversubscribed 2,3 times (calculated on the amount offered).
The placement was made through the Colombian Stock Exchange (Bolsa de Valores de Colombia, BVC), under the Dutch auction mechanism.
The acting underwriters were Citivalores S.A., Credicorp Capital Colombia S.A. and Valores Bancolombia S.A.
The placed bonds have the following characteristics:
The funds obtained under this placement process will be used for financing the company’s cash flow and investments.
The Program issues will be fully dematerialized, their custody and management will be in charge of Depósito Centralizado de Valores de Colombia -DECEVAL S.A.-, and Helm Fiduciaria S.A. will act as the holders’ legal representative.
ISA´s Domestic Public Debt Security Issue and Placement Program holds “AAA” rating with outlook stable, granted by Fitch Ratings Colombia, which reflects the strong financial profile of the Company, characterized by stable and predictable cash flows, comfortable liquidity levels and adequate debt coverage indicators that will remain stable in the medium term. The ratings also consider the low risk level of the energy transmission business, the natural monopoly nature of the Company and the geographic diversification of its assets.
This placement confirms the confidence of investors in the Company and its leadership in the capital market.