Investors snap up Ocensa bond

Investors snap up Ocensa bond

Bonds

Colombian pipeline company Ocensa took orders worth more than $4bn for its 4% $500m 2021 bond on Wednesday, with the overwhelming demand pushing leads to tighten the pricing by more than 50bp from initial price thoughts, sources said. Lead managers Citi and HSBC priced the bond at 99.367, offering 185bp over US Treasuries. That was in from the 237.5bp indicated in initial spread thoughts on Tuesday morning, LatinFinance understands. Investors from Latin America, Europe and the US placed orders,

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