Banco de Bogota has completed the sale period for a COP1.3trn ($670m) equity follow-on, it says, upsizing to the maximum amount. The bank sold 20.6m shares at a COP63,000 per-share price set at the beginning of the sale period. The shares closed at COP66,780 Thursday. Banco de Bogota managed the sale itself. Parent Grupo Aval agreed to pay $646m for BBVA Panama in July, and in June Banco de Bogota agreed to buy Grupo Financiero Reformador in Guatemala through the Credomatic subsidiary for $411m. Aval is itself holding a COP2.41trn follow-on open through January 9, with some of the funds going toward its participation in Banco de Bogota’s sale.