Bloomberg News

Colombia Stock Movers: Empresa de Energia de Bogota, Isagen

November 02, 2011

Nov. 2 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 11:23 a.m. local time.

The IGBC Index rose 0.4 percent to 13,132.33, while the Colcap Index gained 0.4 percent to 1,604.10.

Empresa de Energia de Bogota SA (EEB CB), Colombia’s second-biggest electricity transporter, rose 0.4 percent to 1,300 pesos.

The company may sell $610 million worth of 10-year bonds as early as tomorrow, according to a person familiar with the plan.

The sale is planned following two days of investor meetings that conclude today, said the person, who asked not to be identified because he’s not authorized to speak publicly about the matter. EEB, as the Bogota-based utility is known, hired Deutsche Bank AG and Banco Santander SA to sell bonds overseas.

The Bogota-based company said in a June 16 regulatory filing that it plans to sell debt to buy back EEB International Ltd. bonds due in 2014.

Isagen SA (ISAGEN CB), a Colombian energy company, rose 0.2 percent to 2,190 pesos. The company said net income in the first nine months of the year increased to 361.4 billion pesos ($191.5 million).

The company said profit rose over the prior nine-month period, without providing the figure in a statement posted today on the website of Colombia’s securities regulator.

--Editors: Richard Richtmyer, Glenn J. Kalinoski

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

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


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