Davivienda sizes up new perps

Davivienda sizes up new perps

Bonds Debt Fixed Income Colombia

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,

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