Terpel sold three series of bonds

Business / Published March 6, 2020

The Copec subsidiary sold three series of bonds for COP$ 470 billion in the Colombian Stock Exchange (BVC). Demand exceeded 2.1 times the amount on offer, reaching COP$ 996 billion.

In the 5-year series A5, subseries A5 and at a fixed annual effective rate of 5.84%, the amount awarded amounted to COP$ 100 billion.

For the 15-year series C, subseries C15, and at an annual effective CPI +3.01% rate, the amount awarded was COP$ 144 billion.

In the 25-year series C, subseries C25, and at an annual effective CPI +3.40% rate, the amount awarded amounted to COP$ 226 billion.

It was the second bond issue under Terpel Organization Bond and Paper Issue and Placement Program.

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