Colombia prices benchmark bond sale for buyback

Colombia prices benchmark bond sale for buyback

Corporate & Sovereign Strategy Bonds Debt Capital Markets Colombia Fixed Income

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

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