Banco de Occidente issues local notes as Vanti postpones sale

Banco de Occidente issues local notes as Vanti postpones sale

Bonds Debt Capital Markets Fixed Income Colombia

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

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