Grupo Energía Bogotá (GEB), a company dedicated to the generation, transmission and distribution of electrical energy, and transportation and distribution of natural gas in Colombia, Peru, Brazil and Guatemala, has successfully completed the issuance of sustainable bonds in the international capital markets for an amount of 400 million dollars.

The objective of the placement is to finance GEB’s investment plan for the period 2023–2027. GEB will allocate the same amount of net resources obtained in the issuance into green and/or social projects. The proceeds will be invested mainly in transmission infrastructure for renewable energy in Colombia, energy efficiency and social initiatives, such as empowerment and socioeconomic progress, and access to essential services in the communities where GEB operates.

The transaction is governed by GEB’s Sustainable Financing Framework (verified by S&P Global), and it is also aligned with the Sustainability Bonds Guidelines from the International Capital Markets Association (ICMA). The placement was over-subscribed by 2.8 times the amount finally issued, with the participation of nearly 100 investors from the United States, Europe, Asia and South America.