GNB Prices Senior Bond

GNB Prices Senior Bond

Colombia Bonds

Banco GNB Sudameris has raised $300m while adding a senior bond to its curve. The BB+/Ba1 Colombian bank generated around $800m demand from 100 accounts. The 2018 priced at 98.881 with a 3.875% coupon to yield 4.125%, or UST+340bp, tight to 4.25%-area guidance and earlier mid-4% initial price thoughts. The new bond was trading around reoffer late Thursday, investors say. "I found the deal expensive and not offering a good pickup to other banks," says a New York-based senior portfolio manager who

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