Colombia Surprises with Global TES
Colombia jumped out into the international market Friday with a COP1trn ($559m) 2023 bond, a move that allowed the republic to print its second largest-ever global TES issue and attain its lowest coupon for a local currency denominated issuance. “After this week’s developments we thought it was perfect timing to issue a TES at appropriate levels. Pricing at 4.5% shows an important vote of confidence from international...
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