Colombian Bank Upsizes Local Tap

Colombian Bank Upsizes Local Tap


Colombia’s Helm Bank has sold COP300bn ($148m)in 4 series of domestic bonds after upsizing from COP200bn on the back of COP920bn in demand. Pricing came well within maximum levels set by the issuer in advance of the sale. A COP49bn 3-year fixed-rated tranche pays 6.19%, versus the 6.60% maximum set pre-sale. A COP51bn 3-year meanwhile pays the IBR rate plus 1.29%, well short of the 1.90% cap. A COP116bn 5-year priced at IPC plus 4.02% (4.60% maximum) and a COP84bn 10-year piece pays IPC plus 5.0

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