Investors Crowd into Bancolombia Tier 2

Sep 5, 2012

Bancolombia and Brazil’s Vale became the first LatAm issuers to hit the DCM in what should be an active September, with the Colombian bank raising $1.15bn on the back of $7.2bn in orders, according to bankers on the deal. Capitalizing on a scarcity value of Colombian credits, the Baa3/BBB minus lender priced a new 2022 Tier 2 bond...

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