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Colombian Bank Makes DCM Debut

Jul 24, 2012

Despite selloffs in many of the world’s equity markets Monday, Colombia’s Banco GNB Sudameris was able to emerge and price a $250m debut international bond. Investors demanded $900m of the subordinated Tier 2 bond, demonstrating a continued appetite for Colombian paper and allowing the bank to improve its capital structure. The Ba1/BB 2022...

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