Serfinanza drafts debt program

Serfinanza drafts debt program

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

Colombia's Banco Serfinanza said its board has approved a local bond program for up to COP500 billion ($148 million) with maturities for as long as 30 years.According to a report from S&P Global, Bancolombia will arrange the debt sales for Serfinanza, dividing the program into 18 series of notes. Serfinanza can issue the notes in Colombian pesos, inflation-linked UVRs or US dollars, setting aside the resources to pay off debt.S&P gave the debt program a AAA rating, citing 17.1% growth in

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