Corficolombia lays out first social bonds in local market

Corficolombia lays out first social bonds in local market

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

Corficolombiana plans to raise up to COP500 billion ($133 million) in the sale of its first social bonds in the local market, Alejandro Sánchez, head of investment banking at the Colombian financial services firm, said on Thursday. "This sale is part of a bond issuance and placement program that has a quota of COP1 trillion," Sánchez said. In a five-part deal, Corficolombiana plans to price one series with a spread over the IPC consumer price index, another over the DTF interest rate and a third

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