Colombia Group Taps Water Bonds

Colombia Group Taps Water Bonds

Colombia

Colombia’s Grupo Financiero de Infraestructura (GFI) has issued COP125bn-equivalent ($62.4m) in UVR-denominated domestic bonds supporting water projects in various small municipalities. The issuer returns with the so-called “Bonos Agua” five months after an initial attempt to place them failed because of lack of demand. Investors needed time to understand the novel structure, according to an official involved in yesterday’s transaction, which was sold to various types of Colombian institutional

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