Davivienda prepares local bond sale

Davivienda prepares local bond sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Colombia

Colombia’s Banco Davivienda plans to raise up to COP700 billion ($185 million) in the sale of bonds in the local market this week, the local newspaper Valora Analitik reported last week. In a three-part deal, the bank plans to price one series with a spread over the IBR interbank lending rate, another with a fixed rate and the third with a spread over the IPC consumer price index. The maturity of the peso-denominated notes will be three, five and 10 years, respectively, Valora Analitik reported.

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