Colombia's Grupo Energía Bogotá (GEB) raised 400 billion pesos (about US$126 million) through fixed-rate short-term notes maturing in 180 or 364 days, sold by auction on the Colombian stock exchange on 15 October. It was the first sale under a programme of up to 2.5 trillion pesos (about US$785 million) in bonds and short-term notes, with about 2.1 trillion pesos still available. The initial offer was 250 billion pesos, with an option to add 150 billion pesos, which GEB fully used. The interest rate and number of bids were not published, and the peso-denominated notes carry currency risk for dollar-based buyers. Fitch Ratings Colombia rated the notes F1+(col) and the programme AAA(col) on its national scale, and proceeds go to general corporate purposes.
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