Davivienda prints local notes

Davivienda prints local notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Colombia

Colombian bank Davivienda raised COP699 billion ($198 million) in a three-part bond sale in the local market on Thursday, marking the 10th deal in a COP7.5 trillion program, according to the Colombian stock exchange BVC. The Bogot√°-based lender issued COP220 billion in five-year notes, COP276 in seven-year notes and COP202 in inflation-linked 10-year notes. It priced the five-year notes at a fixed rate of 4.69% per year in a Dutch auction, down from a starting rate of 4.8%, while it printed the

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