Scotiabank places private bonds in Colombia

Scotiabank places private bonds in Colombia

Debt Capital Markets Bonds Fixed Income Colombia

Scotiabank Colpatria, the Colombian branch of the Canadian lender Scotiabank, said Tuesday that it sold COP225 billion ($60.6 million) worth of 10-year bonds in a private placement in the local market. The lender will use the money from the Tier 2 bonds to expand its loan portfolio and cover general corporate purposes, said a source at Scotiabank Colpatria. "This operation is a clear manifestation of the confidence that investors have in the bank. It will strengthen the bank's worth and generate

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