Colombia’s Promigas issues $164.5 mn worth of local bonds

Colombian gas distributor Promigas on Thursday issued bonds worth $164.5 million to the local capital market, with proceeds earmarked for refinancing existing debt for the company and its subsidiaries, to improve its long-term maturity profile. Promigas issued paper for terms of five and 25 years after seeing demand for $287 million, the Colombian stock exchange said in a statement.

Source: Reuters