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Empresa Energía de Bogotá (EEB), parent company of Grupo Energía de Bogotá, was awarded the UPME STR 07-2014 Río Córdoba 220/110 kV tender offer, by Colombia’s Mining and Energy Planning Unit (UPME) last Thursday. The project consists of the construction, operation and...

ABOVE:  Colombian President Juan Manuel Santos shakes hands with United States President Barack Obama during a cordial bilateral meeting that they held while the two leaders were attending the Summit of The Americas in Panamá last week. Also attending were Colombian Foreign...

Colombia’s finance minister Mauricio Cardenas, through decree 0602 issued on April 7, has appointed Jorge Castaño Gutiérrez as financial superintendent. Castaño has worked with the financial supervisory authority for the past decade, and has most recently served as the director...

Consistent with Fitch Ratings’ belief that a major acquisition by Empresa de Energia de Bogota S.A. E.S.P.’s (EEB) is unlikely in the near to medium term, the company publicly declared it will not be participating in the republic of Colombia’s attempted sale of...

The President of  Colombia, Juan Manuel Santos, said today that Colombia successfully placed a new $1 billion (USD)  bond issue on the global debt market yesterday, demonstrating the world’s confidence in the soundness of the Colombian economy. “We placed  a billion...

Colombia’s Finance Minister Mauricio Cardenas, confirmed last Monday “absolute support ” by the national government for the proposed construction of the Metro de Bogotá, the capital city’s planned subway and light rail project. While participating in the...

Yesterday evening in Bogotá’s Corferias Convention Center, an reception attended by civilian officials, police and military brass from several different countries formally launched the preparatory phase for the 2015 F-Air Colombia International Air Show, to take place from July...

As part of their public debt program, Colombia auctioned $350 billion in treasury notes, denominated in UVR (Units of Real Value), with maturities of 5, 10 and 20 years. The placement corresponds to 1.616 billion UVR. The yield on the issue is 1.83% for 5 year maturities, 2.65%...

The Japanese rating agency Rating and Investment Inc. (R & I) has upgraded Colombia’s long-term debt rating from BBB- to BBB with a stable outlook. R & I confirmed its confidence in the country’s economic stability in recent years, noting that Colombia recorded real GDP...

The Colombian Finance Ministry issued $700 billion pesos (roughly $280 million USD) of public debt through Colombia’s domestic financial markets last week, with yields of 5.18% increment for five year maturity, 6.492% for a ten year term, and 735% for a 15 year maturity. The...