Icetex completes local bond sale

Icetex completes local bond sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Colombia

Colombia's state-run student loan agency Icetex sold COP150 billion ($37.7 million) worth of bonds in a two-part deal in the local market on Wednesday, according to information from the BVC stock exchange in Bogotá. Icetex priced COP64.6 billion in seven-year notes at the IPC consumer price index plus 3.98% and COP85.3 billion in two-year bonds at the IBR interbank lending rate plus 2.9%, according to the BVC. Total orders reached COP192 billion with Bancolombia and Credicorp as structuring agen

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