Americas

Termocandelaria CEO, CFO on Colombia’s Rising Energy Capacity, Funding Plans, and Importance of ESG for Renewables Companies

In January 2019 Termocandelaria, the largest non-hydro power generation company in Colombia tapped the international capital markets for the first time with a USD410mn offering of 7.875% senior notes due 2029, marking the first corporate high-yield bond out of Latin America that year. A year on to the day, Termocandelaria re-tapped its existing bond for a further USD186mn at an impressive 110% of the price. Bonds & Loans speaks with the company’s CEO Luis Miguel Fernandez Zaher and CFO Ernesto Ritzel about its funding strategy and the growth of renewables in Colombia.

By Yevgeny Kuklychev, Deputy Head of Market Insights, GFC Media Group

Feb 6, 2020 // 2:17PM

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