September 13, 2011
Colombia plans to offer holders of COP39trn ($21.5bn) in 5 series of domest
Colombia plans to offer holders of COP39trn ($21.5bn) in 5 series of domestic bonds the opportunity to exchange for 3 series of longer-dated bonds, including a new 2026. The government has scheduled September 20 as the date of the debt swap, part of a plan to decrease amortizations over the next three years. Colombia will exchange 5 series of local peso denominated treasury notes due 2012, 2013, and 2014 for bonds due 2015, 2018 and 2026. It does not yet indicate the terms of the exchange.