September 19, 2019 |
Colombia's Banco de Occidente issued COP400bn ($119m) in local bonds on Wednesday, while the natural gas company Vanti decided to delay an expected COP500bn deal until the fourth quarter, said a source at Bancolombia.
Banco de Occidente divided the debt deal into three parts, pricing three-year notes at 101.75% of the IPC consumer price index, five-year notes at a fixed rate of 5.83% and 10-year notes at 102.63% of the IPC, the source said.
The bookrunner Casa de Bolsa had set the initial price
Colombian lender earns $119m from a three-part deal, while the natural gas company decides to wait until the fourth quarter