May 29, 2019 / 9:08 PM / 4 months ago

Telefonica's Colombia subsidiary issues $149 mln in bonds

BOGOTA, May 29 (Reuters) - Colombian telecommunications company Coltel, a subsidiary of Spain’s Telefonica, issued 500 billion pesos ($149 million) in bonds on the local market on Wednesday after receiving offers for nearly double that amount.

The company, which will use the funds to pay debt, offered five-year paper with a 6.65% annual yield and 10-year paper with a yield of inflation plus 3.39% annually, the stock exchange said in a statement.

The government, which is part owner of Coltel, said in August it was seeking to sell its minority stake.

Coltel operates under the brand name Movistar.

$1 = 3,362.48 Colombian pesos Reporting by Nelson Bocanegra Writing by Julia Symmes Cobb; Editing by Tom Brown

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below