Colombia sees 15%-20% foreign TES holdings "healthy" (1)

Colombia sees 15%-20% foreign TES holdings "healthy" (1)

Bonds

Colombia sees a limited role for international investors in its local sovereign bonds, despite a rally in TES bonds late last month that showed optimism toward the country and its currency against a dicey global backdrop. "There is no optimal amount. But we think that something around 15% and 20% [foreign holdings of local-currency government bonds] sounds healthy," said Michel Janna, Colombia's general director of public credit and national treasury. "It would allow us to diversify our investor

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