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Bancolombia Launches Exchange

Sep 12, 2012

Bancolombia has launched an exchange offer targeting the $400m outstanding in its 6.875% 2017 subordinated bonds, it says. It aims to replace them...

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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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