Findeter mulls COP or USD

Findeter mulls COP or USD

Colombian development lender Financiera de Desarrollo Territorial, Findeter, is considering issuing bonds in dollars or Colombian pesos, according to Standard & Poor’s and Fitch, which have rated the proposed $500m bond. The borrower is planning to issue senior unsecured bonds of five to 10 years in maturity. S&P expects to rate the note BBB regardless of the currency. Fitch expects to rate the bond BBB if it is sold in dollars, or BBB+ if it is sold in local currency. The rating on the

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