April 26, 2018 |
Colombia wants to place more emphasis on local currency peso-denominated debt amid a year of political transition for the oil-exporting sovereign issuer.
In an interview with LatinFinance, Colombia’s Minister of Finance said the ideal composition of the country’s debt was split 70% in pesos and the rest in foreign currency.
Mauricio Cárdenas said domestic currency was a more optimal strategy because it protected Colombia from any currency depreciation and drastic changes in external market con
Oil-exporting sovereign shuts down talk of international issuance amid election year