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Occidente Bond Expected Next Year

Nov 18, 2010

Colombia's Banco de Occidente is expected to issue the first bonds from a COP1trn ($555m) shelf registration in early 2011, say bankers not on the deal. "It is possible that Ecopetrol will issue its bonds before the end of the year, so it is likely that Banco de Occidente will wait until early next year...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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