February 24, 2020 |
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
Colombian lender raises $74 mln from a two-part deal, the first issue in a $147 mln bond program