ETB refinances USD 285.83 million debt with four banks to extend maturities

FinanceColombiaLexLatinOct 28, 2026, 9:26 PM45 s readAI summary

Empresa de Telecomunicaciones de Bogotá (ETB) refinanced its financial debt with Davibank, Itaú Colombia, Bancolombia and Banco Santander Colombia for 900,000 million pesos (about USD 285.83 million). The operation does not increase ETB's debt level: it extends the average life of the debt from three to five years and adds a two-year grace period on principal payments. According to the advisors, it will free up about COP 723,000 million (around USD 229.53 million) for investment and its transformation plan.

In 45 seconds

ETB refinanced 900,000 million pesos of debt (about USD 285.83 million) with Davibank, Itaú Colombia, Bancolombia and Santander Colombia.
The operation keeps the same balance of obligations and extends the average debt life from three to five years, with a two-year principal grace period.
The modification would free up about COP 723,000 million (around USD 229.53 million) for investment and the corporate transformation plan.

Read the full story at LexLatin

IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

ETB
deuda
telecomunicaciones
bancos
Colombia

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ETB refinances USD 285.83 million debt with four banks to extend maturities

In 45 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

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