Colombia to Boost Local Debt Sales

Colombia to Boost Local Debt Sales

Colombia

Colombia plans to sell an additional COP2trn ($860m) of TES bonds before the end of the year, says the finance ministry. The government will place 2011, 2013 and 2018 fixed-rate bonds and 2013 and 2023 bonds linked to the UVR inflation rate. The funds will go toward pre-financing 2009. The government also indicates that the issuance plan for 2009 will be reduced by about $900m, plus an additional $220m from lower debt amortizations next year – through recent liability management operations – so

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