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ISAGEN successfully placed ordinary bonds worth $750,000 million

Feb 2017
ISAGEN successfully placed ordinary bonds worth $750,000 million

ISAGEN S.A. E.S.P. notifies that today it deposited the first bond issue recorded to its Program for the issue and placement of ordinary bonds and commercial papers worth $750,000 million. The issue had a demand worth $1,380,948 million, exceeding by 2.12 times the amount offered.

The results of the auction were as follows:

SERIES - SUBSERIES
AMOUNT DEMANDED (million Colombian pesos)
AMOUNT AWARDED (million Colombian pesos)
RATE
SERIES - SUBSERIES
SERIES A SUBSERIES A7 - 7 YEARS FIXED ANNUAL EFFECTIVE RATE
AMOUNT DEMANDED (million Colombian pesos)
520,830
AMOUNT AWARDED (million Colombian pesos)
375,000
RATE
7.12%
SERIES - SUBSERIES
SERIES C SUBSERIES C12 - 12 YEARS OF MARGIN OVER CPI ANNUAL EFFECTIVE RATE
AMOUNT DEMANDED (million Colombian pesos)
426,770
AMOUNT AWARDED (million Colombian pesos)
150,000
RATE
IPC + 3.56%
SERIES - SUBSERIES
SERIES C SUBSERIES C30 - 30 YEARS OF MARGIN OVER CPI ANNUAL EFFECTIVE RATE
AMOUNT DEMANDED (million Colombian pesos)
433,348
AMOUNT AWARDED (million Colombian pesos)
225,000
RATE
IPC + 3.99%
SERIES - SUBSERIES
TOTAL
AMOUNT DEMANDED (million Colombian pesos)
1,380,948
AMOUNT AWARDED (million Colombian pesos)
750,000
RATE
 

Through this successful placement, ISAGEN is still present in Colombian capital markets and its results evidence the trust investors have in the Company, by recognizing it as a solid company with experience and a history in the energy sector.

ISAGEN’s Program for the issue and placement of ordinary bonds and commercial papers was rated AAA by the Fitch Ratings which stated that this rating evidences the Company´s solid competitive position, the strengthening of its EBITDA and its adequate future credit metrics and liquidity. Additionally, it considers that said credit metrics will keep being adequate in the medium term due to the strong operating generation and the restricted requirements for future capital investments.

The placement was made during a Dutch auction through the Bolsa de Valores de Colombia S.A.’s electronic system where Credicorp Capital Colombia S.A. acted as leading placement agent and Valores Bancolombia S.A. and Corredores Davivienda S.A. as placement agents.


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