Colombia Boosts Bond BuybackStrong investor demand allowed Colombia to increase its buyback of dollar- and euro-denominated bonds to $1.13 billion from a planned $700 million in the sovereign's largest liability management operation ever. The deal covers 11 different series of bonds with maturities ranging from 2007 to 2033. Like many Latin American governments, Colombia is reducing issuance of foreign currency-denominated bonds and increasing sales of bonds in its own currencies both in the domestic and global markets. Goldman Sachs and Merrill Lynch led the deal.
Brazilian Perpetuals Raise FundsLeading Brazilian steelmaker Gerdau raised $600 million with a perpetual global bond, twice th
Take a free two-week trial now for the latest news, data and market analysis.