November 19, 2009
Colombia has placed JPY45bn ($503m) in bonds privately with Japanese invest
Colombia has placed JPY45bn ($503m) in bonds privately with Japanese investors, according to the finance ministry. The 2019 Samurai issue was sold at par with a 2.42% coupon, for a yield 93bp over JPY swaps. A guarantee from JBIC boosts the rating to AA, and proceeds will help fund 2009 budget needs. Mitsubishi UFJ Securities and Daiwa Securities SMBC managed the sale. The last regional issuer to visit Japan was supranational CAF, which raised JPY10bn in 4.30% 2019 bonds in February.