July 9, 2020 |
Telecommunications company ColTel, the Colombian subsidiary of Spain's Telefonica sold $500 million worth of 10-year bonds on Wednesday in a sale that was seven times oversubscribed, a source involved in the deal told LatinFinance.
The company priced the new January 2031 bonds at par with a 4.95%% coupon, or 430.2 basis points over US Treasury bonds, the source said.
BBVA, BNP Paribas, Bank of America, JP Morgan and Santander jointly led the transaction in which ColTel planned to sell up to $750
Colombian telecom raises $500 million to redeem 2022 bonds