Colombia Ponders GDN

Colombia Ponders GDN

Colombia Bonds

Colombia is considering issuing its first global depository note to draw international investors into its local debt market, Michel Janna, Colombia’s head of public credit, tells LatinFinance. The government is advancing plans to curtail issuance of COP-denominated Treasury (TES) bonds next year by at least COP2trn ($1.04bn), opening up space for a GDN, pending an appropriate structure for dealing with the country’s 14% withholding tax. “There are a couple of banks with the idea of launching GDN

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