November 29, 2022 |
Colombia returned to the international bond market on Monday, pricing $1.62 billion worth of 10.3-year notes to fund the buyback of bonds that mature in 2023 and 2024, according to a source involved in the deal.
The new 2033 notes carried a coupon of 8% and priced at 99.15 to yield 8.125%, the source said. Colombia opened the initial price talk around mid-8% and set guidance at 8.25%, plus or minus 12.5 basis points, before launching at 8.125%, the source added.
Earlier in the day, the sovereign
South American country issues $1.6 bln in 10.3-year notes to repurchase debt that comes due in 2023 and 2024, source says