COP Corporate Refinancing Higher in 2011

COP Corporate Refinancing Higher in 2011

Colombia

Around COP5trn ($2.3bn) in corporate Colombian debt will mature in 2011 and need to be refinanced. According to Francisco Chaves, fixed income strategist at Bogota-based shop Corredores Asociados, that number is slightly higher than the 2010 figure. However, the total volume of local bond issuance is expected to drop slightly in 2011. Many Colombian companies have already issued debt in 2009 and 2010 to cover their financing needs, according to another Bogota-based strategist, and may not need t

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