BTG Debuts in COP

BTG Debuts in COP

Brazil Colombia Bonds

Fresh off of an $800m Tier 2 bond sale, BTG Pactual has become the first non-Colombian issuer of a global Colombian peso-denominated bond, raising $200m-equivalent. The 2017 priced at par with a 7.0% coupon, to yield TES+125bp, in line with 125bp guidance. The pricing came about 35bp wide to Bancolombia’s 2018 bonds and some 65bp-75bp tighter than Bancolombia’s 2016 and 2022 dollar bonds, according to a person familiar with the transaction. The deal was heard 2x oversubscribed and driven mainly

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