January 24, 2020 |
Colombian lender Bancolombia sold $950 million worth of five-year notes on Thursday to fund the buyback of its 5.95% notes that come due in 2021, sources told LatinFinance.
"The purpose of the issue is to give more financial flexibility to our business," said Alejandro Mejías, the head of investor relations at Bancolombia. "Investors are interested in our securities. We are taking advantage of the windows that the financial market is offering in the current interest rate environment, given the b
Colombian lender gets $950 mln for a buyback, following a $500 mln deal in December