Saturday , November 28 2020

EPM, with a way to external credit

In a press release, the Ministry of Finance reported on the authorization to hold an external loan of $ 750 million to Empresas Públicas de Medellín (EPM).

According to the information in the portfolio, resources will be used to finance the 2014-2022 investment plan and company objectives other than company investments. Credit HSBC Bank USA N.A and HSBC México S.A. signed with. Multiple Banking Institution, Grupo Financiero HSBC.

As it can be understood from the total resources available to the company by the Ministry, it aims to finance the company's investment plan of US $ 215 million between the years 2014-2022.

On the other hand, the Ministry of Finance, which has the same share, was confirmed to have la general corporate objectives different from investment related problems ın of the total loan granted at the expense of the company. .

Concerning the division of EPM loans, the Ministry of HSBC Bank USA N.A (allocated $ 650 million) and HSBC México S.A. confirmed it was signed with. Multi-Banking Agency, Grupo Financiero HSBC, the organization that delivers $ 100 million.

Between the loan terms, a period of three years, the same signature, "a six-month rate libor plus 2.75% per annum" and the signing of the contract, with a period of 30 months. "

The Company shall provide to the public debt and national treasury directorate the lü all information regarding the balances and movements of the activity until the total payment of the debt un within the first ten calendar days of the month following the issuance of the report. He said the portfolio of the Treasury.

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