Colombia Domestic Capital Market Colombia Domestic Capital Market

Colombia Domestic Capital Market

EPM is authorized by the Ministry of the Treasury and Public Credit, and by the Colombia Superintendence of Finance, in Resolutions 1242 of May 31, 2007, and 1049 of June 26, 2007 respectively, for a bond issuance and placement program on the national securities market with an overall capacity of one trillion pesos (COP1,000,000,000,000) in legal Colombian tender; all of which was placed between November 2008 and May 2009.

This capacity was increased to an overall capacity of COP 4.5 billion ($ 4.500.000.000.000) and has a term to make its public offering until July 15, 2019, having had the following modifications during its existence: 

Description

Resolution Ministry of the Treasury and Public Credit No.

Resolution Superintendence of Finance No.

Increase of the capacity until COP 2 billion ($2.000.000.000.000)

2787 of October 5th, 2009

1786 of November 20th, 2009

Increase of the capacity until COP 3 billion ($3.000.000.000.000)

2862 of September 4th, 2013

1997 of October 30th, 2013

Increase of the capacity until COP 4.5 billion ($4.500.000.000.000)

1020 of April 20th, 2015

1248 of September 10th, 2015

Renewal of the Program until July 16, 2013

1425 of July 16th, 2010

 

Renewal of the Program until July 3, 2016

1152 of June 24th, 2013

 

Renewal of the Program until July 15, 2019 

0891 of July 15th, 2016

 

 

 

 

The program has a AAA Rating, issued by the securities evaluation firm, Fitch Ratings Colombia S.A. 

EPM’s Bonds Program in COP

Current issuances:

Tranche

Lot Serie

Issue date

Maturity Date 

Current amount

Tenor

 Fourth

FirstA20a

14-Dec-10

14-Dec-30

267.400

20

Fifth

FirstA20a

04-Dec-13

04-Dec-33

229.190

20

Sixth

FirstA12a

29-Jul-14

29-Jul-26

125.000

12

 A20a

29-Jul-14

29-Jul-34

250.000

20

 Seventh

FirstA12a

19-Mar-15

19-Mar-27

120.000

12

  A20a

19-Mar-15

19-Mar-35

260.000

20

Total amount outstanding    

1.251.590

 

CPI rate: Consumer Price Index.

The main characteristics of the instruments are as follows

Series

A: Bonds in COP at variable CPI rate

B: Bonds in COP at variable FTD (fixed term deposit) rate

C: Bonds in COP at fixed rate

D: Bonds in RVU (real value unit) at fixed rate

E: Bonds in dollars at fixed rate

F: Bonds in COP at variable IBR rate

Minimum investment

Bond Equivalent to the value of one (1) Bond

Face value per Bond

COP10,000,000 for series A, B, C and F; COP 100,000 RVU for series D, and USD5,000 for Series E.   

Term for redemption

Between one (1) and forty (40) years counted from the date of issuance.

Amortization of capital

In the notice of public offer for each type of security, EPM will determine the amortization program for the securities being offered.

Recipients of the offers

Natural persons, legal persons, institutional inverstors, official entities, and in general the investing public.

Performance of the Bonds

The Bonds will offer a yield in Pesos based on the series in wich they are issued. The rate of return will be established by the ministry of the Treasury and Public Credit previous to each issuance.    

The information prospectus its addendums and notices of offercan be consulted at the following link (available in Spanish):