SerFinanza sells local notes

SerFinanza sells local notes

Bonds Asset Management Debt Capital Markets Fixed Income Funds Colombia

Colombian lender Banco SerFinanza raised COP250 billion ($73.6 million) from a two-part debt sale in the local market, the first issue in a COP500 billion bond program, according to a securities filing.  The Barranquilla-based bank said it priced COP147 billion worth of five-year notes at a fixed rate of 6.24% in a Dutch auction, after setting the opening price at 6.6%. The 2025 notes were more than two times oversubscribed, according to SerFinanza.  The bank also issued COP104 billion worth of

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