Grupo Aval raises $1 bln in return to bond market

Grupo Aval raises $1 bln in return to bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Colombia US

Colombian financial services conglomerate Grupo Aval priced $1 billion worth of 10-year notes on Tuesday, marking its first cross-border bond deal since 2012, sources told LatinFinance. The Bogotá-based holding company priced the 4.375% 2030 notes at 99.432 to yield 4.6%, or 280 basis points over US Treasury bonds, a source involved in the deal said. Led by Citi, HSBC and JP Morgan, Grupo Aval set the initial price talk at just over 300 basis points over US Treasury bonds and then put the guidan

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial