Banco Popular offers local bonds

Banco Popular offers local bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Colombia Capital Markets

Banco Popular, one of the banks owned by Colombian holding company Grupo Aval, said it plans to sell at least COP350 billion ($92 million) worth of bonds in a three-part deal on Thursday, according to a securities filing. The bank added that it could increase the size of the deal to COP500 billion to meet demand in a Dutch auction. The Colombia lender will issue five-year bonds at a fixed interest rate at a fixed annual interest rate of up to 7.05%. It will also issue five-year notes at a the IP

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