February 19, 2021 |
The Bogotá city government said Wednesday that it received regulatory approval to increase the size of a local bond program by COP6.5 trillion ($1.84 billion), according to a securities filing.
The new shelf for the program, which was created in 2003, now rises to COP9.66 trillion, according to the updated prospectus. Bancolombia is the structuring agent and placement agent for the program, while Garrigues is the legal adviser.
Both Fitch Ratings and BRC Investor Services affirmed the program's
Colombian capital city announces a $1.84 bln increase to its local debt shelf