Bancóldex unveils orange bonds

Bancóldex unveils orange bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Colombia

Colombia's Bancóldex has sold COP400bn ($127m) in so-called orange bonds, the first debt securities designed to raise funds for the country's creative industries. In all, 322 investors placed $867bn in orders, which allowed the export credit agency to increase the size of the deal to COP400bn from COP300bn. A total of 201 investors bought the bonds, mainly comprising asset management firms, pension funds and insurance companies from Latin America and Europe, Bancóldex said in a statement. Bancól

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