April 14, 2021
Colombia's Banco Davivienda has put a size on a planned bond sale in the international market, saying it could issue up to $700 million in perpetual notes "subject to market conditions."
Davivienda started making calls to investors on Monday, pitching a benchmark-sized transaction in US dollars, with Citi, Bank of America and JPMorgan as bookrunners on the sale of perpetual non-call 10 Tier 1 bonds.
Moody's gave the proposed bonds a B1 rating, while Fitch ratings gave them a B+.
In October 2017,
Colombian bank says it could raise up to $700 mln in dollar-denominated perpetual notes