Banco de Bogota Brings Debut

Banco de Bogota Brings Debut

Colombia Bonds

By sticking to a shorter tenor and enticing investors with an attractive pickup to rival Bancolombia, Banco de Bogota was able to draw a decent crowd for its debut bond in a market that is not necessarily enamored with FIG paper. After turning heads with 5.5% area talk on a $500m 5-year, Banco de Bogota was able to revise guidance lower to 5.25% (+/- 1/8) and upsize to $600m before pricing at 98.894 with a 5.00% coupon to yield 5.25%. Books swelled to around $3.25bn as investors comped the

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