Bogotá lines up loan, pitches local notes

Bogotá lines up loan, pitches local notes

Bonds Debt Loans Capital Markets Economy & Policy Corporate & Sovereign Strategy Fixed Income Colombia

The Bogotá city government plans to borrow up to $530 million in the local and international markets as part of its authorized financing program for the year, it said in a securities filing. Secretaría Distrital de Hacienda (SDH), the city's finance department, is conducting the studies required to secure a guarantee from the World Bank's Multilateral Investment Guarantee Agency (MIGA) for a $250 million loan from Spanish bank BBVA, the city said. MIGA provides guarantees for borrowers to access

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