Occidente readies subordinated peso outing

Occidente readies subordinated peso outing

Colombia Andean Bonds

Banco de Occidente is set to raise COP250bn ($85m) in subordinated bonds in Colombia's debt capital markets today.The local lender set a maximum rate of 3.85% interest over the IPCA consumer price index, according to a prospectus on Colombia's Superfinanciera.The notes are likely to mature over eight years and are part of Occidente's COP8tn debt shelf.Allianza Valores, Bancolombia, BTG Pactual, Credicorp Capital, Davivienda and Ultraserfinco are placement agents for the bond auction, while Corfi

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