Colombia to buy back as much as $750 million in debt
Colombia will use part of the funds from today's international bond sale to buy back as much as $750 million in external debt, according to an e-mailed statement from the Finance Ministry.
Colombia's holding company Colinversiones SA borrowed US$150 million from three development agencies to upgrade its gas-fired Termoflores power plant when the country is more dependent on thermal power because of fewer rainfalls.