Bancóldex gets top marks for new bond program

Bancóldex gets top marks for new bond program

Bonds Debt Capital Markets Fixed Income Corporate & Sovereign Strategy Colombia

Colombian rating agency BRC S&P, a subsidiary of S&P Global, has assigned a AAA rating to a new COP3 trillion ($784 million) local bond program from export-import bank Bancóldex, according to a securities filing on Thursday. Bancóldex's board approved the program on September 28. The bank did not respond to requests for more details. Bancóldex got a $400 million COVID-19 credit facility from JPMorgan, Santander, and BBVA with a guarantee from the Multilateral Investment Guarantee Agency

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