February 20, 2013
BBVA Colombia has sold COP365bn ($203m) in inflation-linked subordinated bo
BBVA Colombia has sold COP365bn ($203m) in inflation-linked subordinated bonds in the domestic market, according to a person following the sale, in an issuance that saw 1.94x demand. The bank sold COP200bn in 10-year bonds at IPC+3.60% and COP165bn in 15-year bonds at IPC+3.89%. The proceeds will be used for working capital. BBVA managed the sale, rated AAA on a national scale.