Davivienda to Hit Local Market

Davivienda to Hit Local Market

Colombia Bonds

Banco Davivienda is expected to issue COP400bn ($224m) in Colombia’s local bond market today, according people familiar with the transaction. The bank, which has the ability to upsize to COP500bn, is able to choose among a 3-year fixed-rate tranche with a maximum interest rate of 5.5%, an IPC-linked 10-year tranche with an interest rate of IPC+3.5%, and an IPC-linked 15-year tranche with an interest rate of 3.80%. Davivienda’s own brokerage arm will manage the transaction, rated AAA on a nationa

Already have an account?

Free trial

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

Free Trial