Friday , August 12 2022

EPM, b & # 39; means for external loans


By & # 39; press release, the Ministry of Finance informed about the authorization to Empresas Públicas of & # 39; Medellín (EPM) to keep external lending & # 39; to 750 million dollars.

According to the information in the portfolio, the resources will be used to finance the plan & # 39; 2014-2022 investment and corporate purposes than the company's investment. The loan was signed with HSBC Bank USA and HSBC México N.A S.A. Multiple Banking Institution, Grupo Financiero HSBC.

As confirmed by the Ministry, the total resources can be used by the company, 215 million dollars will be targeted to finance the & # 39; investment plan the company has for years between 2014 and 2022 .

On the other hand, it was confirmed that 535 million dollars, the total authorized loans to paisa company, will have "general corporate purposes different from investment-related issues", said the Ministry of Finance,.

Regarding the loan to EPM division, the Ministry confirmed that the agreement was signed with & # 39; HSBC Bank USA N.A (allocated 650 million dollars) and HSBC México S.A. Multiple Banking Institution, Grupo Financiero HSBC, an entity of 100 million dollars.

Among the conditions of the loan was fixed term & # 39; three years, since the signing of the same, "b & # 39; rate & # 39; six months and 2.75% per annum and period & # 39; availability & # 39; 30 months from the date of & # 39; the signing of the contract. "

The company shall submit to the Directorate of Public Credit and National Treasury, in the first ten calendar days of the month following the month in which it is reported, "all information about balances and movements by operation total debt settlement ". said the Treasury portfolio.

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