August 22, 2013
Sociedades Bolivar is preparing a COP600bn ($310m) bond program for Colombi
Sociedades Bolivar is preparing a COP600bn ($310m) bond program for Colombia’s local bond market. The bonds can have terms between three and 20 years, and can have interest rates that are DTF, IPC, UVR or IBR-linked as well or fixed. Davivalores and Corredores Asociados have been hired in conjunction with the program, rated AAA on a national scale. Terms for the first specific transaction have not yet been determined by the group that hold assets including Banco Davivienda.