Saturday , November 28 2020

Empresas Públicas de Medellín is entitled to receive foreign loans up to US $ 750 million.

With the decision No. 4225 numbered 2018, the Ministry of Finance and the Public Credit are authorized to obtain an external loan of US $ 750 million by Empresas Públicas de Medellín (EPM).

The resources will be used to finance the company's investment plan (2014-2022) for US $ 215 million and for general company purposes, except for a US $ 535 million investment.

Credit HSBC Bank USA N.A (650 million USD) and HSBC México S.A. signed with. Multiple Banking Institution, Grupo Financiero HSBC (100 million USD), three years without signing, 6 months LIBOR rate plus 2.75% and annual 30 months availability date.

The decision clarifies that EPM has the responsibility to ensure that the quotas authorized by the Ministry of Finance and the National Loan and National Planning Department are strictly followed and that their indebtedness quotas are not exceeded.

Likewise, within the first ten calendar days of the month following the reporting date, the public debt and the national treasury unit should provide information on the balances and transactions of the transaction until the total payment date of the debt.

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