Posse Herrera Ruiz advised on the transaction
Odinsa S.A. in its issuance of bonds worth COP$400,000,000,000 aggregate principal amount, underwritten by Valores Bancolombia S.A. Comisionista de Bolsa and arranged by Banca de Inversión Bancolombia S.A. Corporación Financiera.
The Bonds had an over demand of 2.3 times the amount offered. The use of proceeds of the Bonds will be for general corporate purposes, including repay certain outstanding debt.
Odinsa S.A., is a subsidiary of Grupo Argos S.A., created for the management, promotion and development of large-scale infrastructure projects in Colombia, Ecuador, Dominican Republic y Aruba.
In Colombia, Posse Herrera Ruiz advised Odinsa, with Mariana Posse (Picture), María Fernanda Flórez and Adriana Cabal.
Law Firms: Posse Herrera Ruiz;
Clients: Odinsa S.A.;