Coltel Continues Colombian DCM Supply
Colombia Telecomunicaciones (Coltel) has priced a $750m bond in the international markets. The first-time issuer was able to bring in the price more than 60bp from initial talk, a tightening heard surprising even those close to the trade, as it gathered $8bn in orders. The deal follows Grupo Aval’s $1bn bond and others from the region recently that have capitalized on strong appetite. The BB rated issuer priced the 2022 bond at par with a 5.375% coupon to yield at the...
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