Credivalores foots buyback with new notes

Credivalores foots buyback with new notes

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

Colombian financial services company Credivalores sold $300 million worth of 2025 notes on Monday in a deal that was almost two times oversubscribed, a source involved in the deal told LatinFinance. The Bogot√°-based company priced the five-year non-call three notes at 99.505 with a coupon of 8.875% to yield 9%, the source said. Credivalores had opened the initial price talk in the low 9% area before launching the deal at 9%, he added. Credivalores is scheduled to settle the new notes on February

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