Davivienda prints dollar perps

Davivienda prints dollar perps

Corporate & Sovereign Strategy Credit Ratings Fitch Ratings Moody's Investors Service Bonds Debt Fixed Income Colombia Capital Markets

Colombia's Banco Davivienda printed $500 million in perpetual notes on Thursday after orders reached roughly $1.7 billion, according to a source involved in the deal. Davivienda priced the non-call 10 Tier 1 bonds at par to yield 6.65% with Citi, Bank of America and JPMorgan as the bookrunners, the source said. The bank opened the initial price talk in the low-7% area before it set guidance at 6.875%, give or take 12.5 basis points, according to the source. Moody's gave the perpetual bonds a B1

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