May 17, 2013
Sociedades Bolivar is considering a domestic bond sale of up to COP600bn ($
Sociedades Bolivar is considering a domestic bond sale of up to COP600bn ($326m), say people familiar with the Colombian financial conglomerate’s plans. The owner of assets including Banco Davivienda has the option of tenors between three and 20 years. It is expected to target a June transaction. Proceeds from the issuance are expected to be used to refinance liabilities, for financing and investment. Fitch rates the issuance AAA on a national scale.