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Interbolsa Threatens Local Corporate Issuance

Nov 14, 2012

Fallout from the government liquidation of Interbolsa could be a factor in the postponing of planned corporate issuances in Colombia’s domestic bond market, according to local fixed-income sources following several upcoming domestic sales. Gas companies Surtigas (COP580bn, or $318m), Gases de Occidente (COP200bn),...

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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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