Grupo Aval sets up local bond program

Grupo Aval sets up local bond program

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Colombia Andean

Colombia's Grupo Aval said it has received board approval to raise up to COP400bn ($116m) in local bonds.Grupo Aval issued COP400bn in a two-part deal in June 2017, selling COP100bn in three-year notes at 2.69% over the IPC consumer price index and COP300bn in 25-year notes at IPC plus 3.99%. Before that, it sold COP300bn in peso-denominated bonds in October 2016, split between COP93bn in 10-year notes at IPC plus 3.86% and COP207bn at IPC plus 4.15%.Corficolombiana, one of six financial service

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