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Article: Colombia : Colombia s Oil Pipeline Co To Sell Up To COP500B In Bonds.
- Article from:
- TendersInfo
- Article date:
- October 3, 2009
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Colombia's oil pipeline operator Oleoducto de Los Llanos Orientales SA, or ODL will Thursday sell as much as 500 billion Colombian pesos ($260 million) worth of local bonds to finance the construction of its pipe and pay back part of the investment to its owners.
ODL will originally offer COP450 billion worth of bonds and will sell COP50 billion more if the demand is strong enough, the company said in an ad in local newspaper La Republica.
The bonds will pay an inflation rate plus a spread to be determined Thursday during the auction.
The new bonds will be backed by the revenues the pipeline operator will get from shipping oil for ...