Holland & Knight Advised Grupo Energía Bogotá on COP$2.5 Billion Issuance and Placement Program

BOGOTÁ (February 20, 2025) – Holland & Knight advised Grupo Energía Bogotá S.A. E.S.P. (GEB), a leading public services company with operations in Colombia, Peru, Brazil and Guatemala, on the successful authorization by the Superintendencia Financiera de Colombia (SFC) and Ministerio de Hacienda y Crédito Público for a program to issue and place securities on the Colombian Stock Exchange (Bolsa de Valores de Colombia) for an amount of up to 2.5 billion Colombian pesos (approximately US$605 million).

GEB is a Colombian public services company engaged in the generation, transmission, distribution and commercialization of energy, including gas and combustible liquids in all their forms. The program will allow GEB to issue and place on the public securities market, for a period of up to five years, public debt bonds and thematic bonds, including green, social and/or sustainable bonds, as well as internal public sustainability-linked bonds and commercial papers. The securities were registered in the Registro Nacional de Valores y Emisores (RNVE) of the SFC. The issuance program received an AAA rating from the risk rating agency Fitch Ratings Colombia S.A.

Holland & Knight's representation at GEB was led by Partner Camilo Gantiva Hidalgo, with the support of Associates Juan Felipe Fontecha Mejía and María Elvira Borrero.

"This is excellent news for Grupo Energía Bogotá, which now has more expeditious sources of financing to improve its operations, allowing it to efficiently access the Colombian stock market when market conditions are favorable," said Mr. Gantiva Hidalgo. "We proudly extend our congratulations to the Grupo Energía Bogotá team for obtaining its first authorization for an issuance and placement program, as well as to all the other teams involved in this important achievement."