Banistmo pitches dollar bonds

Banistmo pitches dollar bonds

Bonds Debt Corporate & Sovereign Strategy Capital Markets Fixed Income Colombia Panama

Panamanian lender Banistmo started calls with investors on Thursday, looking to make a benchmark-sized deal for dollar-denominated bonds of intermediate maturity, a source involve in the deal told LatinFinance. Bank of America, Citi and JPMorgan are leading the deal for Banistmo, a subsidiary of Bancolombia, the source said. Moody's assigned a Baa3 rating to the proposed sale of $500 million worth of bonds, citing support from Bancolombia and Banistmo's strong capitalization and reduced liquidit

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