Chilean fuel distributor Terpel issues $165 mln bonds in Colombia

miércoles 18 de febrero de 2015 16:55 GYT

BOGOTA Feb 18 (Reuters) - Chilean fuel distributor Terpel issued 400 billion pesos ($165.5 million) in ordinary bonds on the Colombian market on Wednesday, which it will use to substitute existing debt.

The sale by Terpel, a subsidiary of Empresas Copec, was more than doubly over-subscribed, the country's Bolsa de Valores stock exchange which oversaw the sale, said in a statement.

The company, which has filling stations across Colombia, issued a seven-year bond set to yield 3.04 percent on top of the inflation rate and 15-year paper which will yield 4.06 percent over inflation.

($1 = 2,416.37 Colombian pesos) (Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb)