July 15, 2021 |
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
Colombian lender could raise up to $131 mln in a three-part deal on Thursday