Davivienda Launches FO

Davivienda Launches FO

Colombia Equity

Colombia’s Banco Davivienda has opened the subscription period for a domestic equity follow-on, as it seeks to raise COP480bn-COP800bn ($253m-$422m). The mortgage specialist-turned-broader lender plans to sell 24m-40m shares, at a price of COP20,000 each, through November 10 with allocation by November 25. The bank is raising funds to grow and keep up with the expansion of other Colombian FIGs. It has its eyes on operations in other countries including Peru, and an eventual ADR listing and

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