July 2, 2020 |
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
Canadian lender issues $60 mln in peso-denominated notes to grow its loan portfolio