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Termocandelaria Power Strengthens Its Future with $425M Bond Issuance, Guided by Scotiabank

Bogotá, Colombia In a world where strength is often tested by adversity, Termocandelaria Power rises yet again. With the steady hands of Scotiabank at the helm, this Colombian energy giant has, for the third time, ventured into the international financial arena, securing a $425 million bond issuance that drew not just attention, but awe.

This is no ordinary story of finance. This is a tale of resilience, of vision, and of a company’s commitment to not just light homes, but to power futures. Antonio Gutiérrez, the eloquent Vice President of Corporate Banking and Capital Markets at Scotiabank Colpatria, shared words that resonated deeply with the pulse of possibility. “With this issuance,” he said, “Termocandelaria Power does more than secure financing. It opens the door to the kind of future where challenges are met with modern solutions, where even the heat of El Niño finds its match in innovation and preparedness.”

A Bond Issuance That Reflects Global Confidence and Local Promise

It is no small feat to issue bonds on the global stage, and it is an even greater triumph when the world answers back with trust. The story of this bond issuance is not one of numbers alone. Yes, the bond was oversubscribed by 2.8 times, generating demand that climbed to an impressive $1.2 billion. But beyond the statistics lies a testament: the global financial community believes in Termocandelaria Power and its place in Colombia’s evolving energy landscape.

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With the guidance of Scotiabank, which played a crucial role as a Joint Bookrunner, the bonds were not just structured, but orchestrated, each note representing a step toward a stronger, more secure energy future. This partnership, strong and steady over the years, underscores the trust Scotiabank has built in helping Colombian companies reach international investors and capital markets.

Refinancing Today, Investing in Tomorrow

The bond, which will span the next seven years, carries with it a promise—a commitment to use the $419 million raised to refinance existing debt and to continue investing in the future. It is not just about balancing the books; it is about reshaping the future. Termocandelaria Power’s strategy includes the repurchase of bonds due in 2029, positioning the company to not just survive but thrive in the long term.

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As Antonio Gutiérrez poignantly noted, “This transaction goes beyond financial success. It’s a statement about the world’s belief in the strength of Colombian industry and the role that companies like Termocandelaria Power will play in shaping that future.” Indeed, the oversubscription of the bond stands as proof that global investors see in Termocandelaria Power a company not just ready for today’s challenges but poised to meet tomorrow’s opportunities.

A Partnership That Powers the Americas

Behind every financial success lies a partnership of minds and missions. Scotiabank, with its strong presence throughout the Americas, has been more than a silent partner in this journey. The bank has provided not only the capital support that Termocandelaria Power needed but also the wisdom of experience—navigating the complexities of international capital markets and bringing Colombian companies into the spotlight on the global stage.

This partnership between Termocandelaria Power and Scotiabank is one of mutual respect, and it continues to deepen with each passing year. As Scotiabank looks toward the future, its role remains clear: to stand beside the companies that will drive Colombia’s economic growth and to help them navigate the path to prosperity.

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Energizing Colombia’s Future, One Bond at a Time

In a land where the sun burns hot and the nights grow cool, the energy that lights the way forward is powered by the visionaries behind Termocandelaria Power. Their ambition is not just to keep the lights on but to bring renewed strength to the very fabric of Colombia’s energy infrastructure. With each bond issued, they write another chapter in the country’s story of economic resilience and growth.

The future is bright, and as Termocandelaria Power moves forward, their success will ripple through the hearts and homes of millions of Colombians. Scotiabank, as a steadfast partner, will continue to stand beside them, offering not just financial support but the wisdom that comes from years of guiding Latin American companies toward success.

This is more than a business story. This is a story of hope, of possibility, and of a future where Colombian companies take their place on the world stage, showing that strength is not just in power, but in purpose.

Bright Times News Desk
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