November 25, 2009
The board of Colombia’s Grupo Aval has approved the sale of COP750bn ($377m
The board of Colombia’s Grupo Aval has approved the sale of COP750bn ($377m) in bonds on the domestic market. The holding company for banking and finance entities including Banco de Bogota and AFP PorVenir said earlier in November that it will be able to choose from 3 to 15-year maturities, paying interest at a fixed rate or at rates linked to the DTF, IBR or UVR, according to a regulatory filing. Aval unit Corficolombiana is structuring and managing the deal.