Colombia targets local benchmark

Colombia targets local benchmark

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

Colombia could issue a 30-year benchmark bond in local currency to take advantage of a flatter yield curve, César Arias, the head of public credit, told LatinFinance. "Because of the flattening of the yield curve, 30bp year to date, we are considering issuing the first local currency, 30-year, fixed-rate peso bond [for] at least $500m," Arias said. "This would allow us to move our curve." Colombia sold COP750bn ($239m) in 16-year treasury notes, known as TES, with a coupon of 7.18% in January th

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