GNB Sudameris includes new notes in buyback

GNB Sudameris includes new notes in buyback

Bonds Debt Capital Markets Fixed Income Corporate & Sovereign Strategy Colombia

Colombia's Banco GNB Sudameris said Friday that it plans to issue new notes to refinance its 7.5% 2022 bonds as part of a buyback that expires on September 24. The Bogotá-based bank is looking to buy all $250 million in outstanding 2022 notes, offering to pay $1,075 for every $1,000 in principal, it said in a statement. Bank of America, Citi and Goldman Sachs are the dealer managers on the offer, it added. In early May, the bank hired the same banks to arrange a possible bond sale, but it did no

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