Colombia

Less than two years after it completed a restructuring in which all of its existing debt was wiped out, Frontera Energy is plotting a return to primary bond markets.

Former Colombian president and one time market darling Álvaro Uribe’s cherry-picked candidate won the first round of the presidential election on Sunday, giving investors some relief amid tough markets.

Colombia’s inter-parliamentary Public Credit Commission on Tuesday approved a sovereign guarantee to Empresa Metro de Bogotá, the company managing the proposed construction of the city’s first subway line, opening the possibility of a bond issue.

Colombia’s inter-parliamentary Public Credit Commission on Tuesday approved a sovereign guarantee to Empresa Metro de Bogotá, the company managing the proposed construction of the city’s first subway line, opening the possibility of a bond issue.

Public holidays in the US and UK gave bond markets an extra 24 hours to digest the results of Sunday’s presidential election in Colombia, though analysts are expecting little change as the first round of the vote went as expected.

South American development bank CAF (Corporación Andina de Fomento) sold its first ever green bond this week, raising Ps150bn ($52.2m) of Colombian peso-denominated bonds.

South American development bank CAF (Corporación Andina de Fomento) sold its first ever green bond this week, raising Ps150bn ($52.2m) of Colombian peso-denominated bonds.

Colombia’s highest rated issuer, Empresas Públicas de Medellín (EPM), is in danger of a downgrade after troubles in the construction of its planned Ituango hydroelectric plant, the largest infrastructure project in the country.

Bond investors said Colombian financial holding company Gilex’s debut bond had been worth the wait as the owner of GNB Sudameris bank raised $300m on Wednesday and then saw the notes trade up on Thursday.

Colombian financial holding company Gilex raised $300m of five year non-call three year bonds on Wednesday after enhancing the deal structure to appease investors.

Colombian financial holding company Gilex will look to price an inaugural international bond on Wednesday after setting guidance on Tuesday, more than a month after meeting investors.

Crédit Agricole is opening representative offices in Colombia and Chile, the lender said on Monday, as its looks to improve strengthen client relationships in the countries.