Bloomberg News

Colombia’s EPM Telecom Sells 300 Billion Pesos of Securities

October 20, 2011

Oct. 20 (Bloomberg) -- Empresas Publicas de Medellin SA’s telecommunications unit sold 300 billion pesos ($157.2 million) worth of inflation-linked bonds in the local market.

UNE EPM Telecomunicaciones SA, or UNE, as the company is known, sold five- and 12-year securities to yield 3.67 and 4.76 percentage points above inflation, respectively, the stock exchange said in a statement. Demand for the bonds totaled 417.6 billion pesos, according to the statement.

Correval SA brokerage managed the sale. Empresas Publicas de Medellin, or EPM, is a Medellin-based regional utility company.

--Editor: Marie-France Han

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus