April 13, 2021 |
Colombian lender Banco Davivienda began making calls to investors on Monday, looking to make a benchmark-sized transaction of perpetual notes in US dollars, a source involved in the deal said.
The bank has hired Citi, Bank of America and JPMorgan to lead the sale of the perpetual non-call 10 Tier 1 bonds, the source said.
Moody's assigned the proposed bonds a B1 rating, three notches below Davivienda's Ba1 baseline credit assessment due to the risk of a full or partial write-down in case the ban
Colombian bank retains Citi, Bank of America and JPMorgan to lead a benchmark-sized issue of perpetual bonds