Bancolombia Arm Upsizes Domestic Bond Sale

Bancolombia Arm Upsizes Domestic Bond Sale

Colombia Bonds

Leasing Bancolombia has raised COP600bn ($333m) in Colombia's local bond market, upsizing from COP450bn on COP1.12bn total demand. The sale brings Colombia's domestic volume this year to a stronger level than last year at this time, though also underscores the continued dominance by financial institutions. The arm of Colombia's largest bank sold COP165bn in 2018 bonds at 5.60%, COP136bn in 2017s at IPC+3.00%, COP125bn in 2021s at IPC+3.34% and COP173bn in 2015s at IBR+1.27%. The issuer plans to

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