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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