Aval Defines FO

Aval Defines FO

Colombia Equity

Colombia’s Grupo Aval has set terms for what should be a COP2.41trn ($1.25bn) equity follow-on. The financial group plans to offer 1.86bn common shares at COP1,300 each. The common shares closed at COP1,280 Thursday. The issuer does not yet define the timing for the sale, though the price is typically set in Colombian ECM transactions immediately before the opening of the subscription period. Existing holders will be allowed to subscribe their rights, and are expected to make up a large part of

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial