Davivienda offers local notes

Davivienda offers local notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Colombia

Colombian bank Davivienda offered on Wednesday to sell COP500 billion ($142 billion) worth of five-, seven- and 10-year bonds in the local market, according to a securities filing.  Davivienda said it will sell the bonds in a Dutch auction on Thursday and added that it could increase the total size of the sale to COP700 billion to meet demand, it said. The bank will issue the five- and seven-year bonds in Colombian pesos, while it will offer the 10-year bonds in UVRs, units of account that adjus

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