International investors come out in force for Bancolombia

International investors come out in force for Bancolombia

Equity

Global accounts formed a core base of support for Bancolombia’s follow-on equity sale, making up 41% of the demand, according to the bank’s chief executive Carlos Raul Yepes. Pension funds and other Colombian institutional investors made up 36% of the demand and retail investors, 23%, Yepes told LatinFinance on Tuesday. “Given the international environment, with outflows from emerging markets, we thought international investors might have a lower participation than national ones, or the pension

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