ColombiaWealth Management
TermoEmcali obtained the financial closing for its project in an amount of US$165.000.000 raised through the Capital markets 144A, for the development, construction, and operation of an approximately 233.8 MW (net) combined cycle, natural gas-fired power generation facility to be located near Cali, Colombia. This is the first case of a bond issue without the guaranty of the Government of Colombia. Additionally, Hidromiel has requested to the National Council of Economic and Social Policy an extension of the terms for the guarantees of the Miel I hydroelectric project. The financial closing of this project is expected by the end of this month and will conclude with placement of Eurobonds in an amount of US$345.000.000.
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