Press releases

dots

May 2020


Grupo Energía Bogotá carried out a successful bond issuance totaling US$ 400 million in the international capital market, with oversubscription lev...

12 May 2020

  • Oversubscription levels demonstrated the market’s support and confidence in GEB’s results and management over the last four years.
  • The use of proceeds will be to fund the company’s investments plan for the 2020-2022 period.

2ins-in

Bogotá, D.C., May 12, 2020. Grupo Energía Bogotá (GEB) carried out today a successful US$ 400 million bond issuance in the international capital market, which was oversubscribed more than 11 times, with over 290 orders from different investors globally, demonstrating the markets' support and confidence in the Group's performance during the last four years, when it launched an ambitious Corporate Strategic Plan to position itself as a leading player in the Latin American energy sector.

The bonds were offered with a 10 years tenor,coupon rate of 4.875%, and redemption upon maturity. With this operation, Grupo Energía Bogotá returns to the international bonds’ capital market, with very favorable financial conditions amid a difficult world situation like the present one.

The proceeds will be used to finance the company's investment plan, which has operations in power transmission, generation and distribution, and natural gas transportation and distribution, in Colombia, Peru, Brazil and Guatemala.

"This successful bond issuance is due to the excellent performance of a committed work team, tangible evidence of the Group's great strength and the trust that hundreds of investors have placed in us. Without a doubt, we are one of the most prominent and solid business groups in the energy sector in Latin America, with a diversified portfolio of controlled and non-controlled companies, and a human talent that has ensured the implementation of a coherent and stable strategy over the last four years," said Astrid Álvarez, CEO of Grupo Energía Bogotá.

It should be noted that Grupo Energía Bogotá recorded historical results in 2019, with profits that reached COP 1,85 trillion and revenue that totaled COP 4,89 trillion, allowing a distribution to shareholders of a record dividend figure this year of COP 1,2 trillion, or 140 pesos per share. These results are also supported by the two pillars of growth that the Group established four years ago: corporate governance, which was strengthened with the Democratization process, and a Sustainability policy that brings well-being and progress to the communities in the territories where the group is present. 

These results have also translated into good stock performance in the Colombian stock market. According to the Colombian Stock Exchange (BVC), at the end of April, Grupo Energía Bogotá's shares were the only ones that had a valorization year-to-date 2020, while the other BVC shares were in negative territory during the first four months of the year, another sign of the confidence in the company and the support of our investors.