Monday , June 5 2023

EPM with external borrowing


The Finance Ministry issued a press release to Empresas Públicas de Medellín (EPM) for issuing $ 750 million in external loans.

According to the information provided in the portfolio, the resources will be used to finance the investment plan for 2014-2022 and corporate purposes other than the company's investment. The loan was signed by HSBC Bank USA N.A and HSBC México S.A. Many banking institutions, HSBC Grupo Financiero.

According to the Ministry, $ 215 million of all resources available to the company will be used to finance the company's investment plan for the period 2014-2022.

On the other hand, a $ 535 million loan granted to Paisa will, in addition to investment issues, have overall corporate goals, the Ministry of Finance said in a press release. .

The EPM has confirmed that the ministry has signed a contract with HSBC Bank USA ($ 650 million) and HSBC México S.A. Several banking institutions, HSBC Grupo Financiero, have delivered $ 100 million.

The loan terms are six months plus plus a period of 2,75% per annum and three years after the date of the 30-month maturity date. Signing of the Agreement ".

The Treasury's portfolio was announced to the public debt and the Treasury Department until the first ten calendar days of the month following the expiration of "all information relating to transaction balances and movements before the full debt repayment".

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