Banco Popular finishes peso auction

Banco Popular finishes peso auction

Debt Bonds Colombia

Banco Popular has finished a Colombian peso-denominated bond auction, raising roughly COP391bn ($138.6m) across a three-tranche sale. The local financial institution printed COP111.44bn in 36-month paper at a fixed-rate of 6.17% over the benchmark, along with a further COP97.4bn in 60-month bonds to yield 6.68% over the benchmark. Popular then sold COP182.15bn in five-year inflation-linked notes at 3.08% over Colombia's consumer price index, or IPC. Orders on the 36-month note reached COP148b

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