Occidente COP400bn Bond Expected Thursday

Occidente COP400bn Bond Expected Thursday

Colombia

Colombia's Banco de Occidente plans to issue COP400bn ($218m) in local bonds Thursday, according to 2 bankers away from the deal. This would be the first issue out of a COP1trn shelf, a banker says. Banco Occidente had not been expected to issue bonds from the shelf until 2011, in order to make sure there would be enough liquidity in the market following Ecopetrol’s upcoming COP1trn bond. However, Ecopetrol’s issue will be benchmarked to IPC, whereas 1 of Occidente’s tranches will be pegged to I

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