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Davivienda Launches FO

Oct 21, 2011

Colombia’s Banco Davivienda has opened the subscription period for a domestic equity follow-on, as it seeks to raise COP480bn-COP800bn ($253m-$422m). The mortgage specialist-turned-broader lender plans to sell 24m-40m shares, at a price...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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