Davivienda preps bond programs in Colombia

Davivienda preps bond programs in Colombia

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Colombia

Colombian lender Banco Davivienda plans to sell up to COP13.5 trillion ($3.29 billion) worth of bonds in the local market, according to Fitch Ratings. Davivienda is looking to issue up to COP7.5 trillion through one bond program and as much as COP6 trillion through a second program with peso-denominated or UVR-linked notes priced at fixed or floating rates, Fitch said in a report on Wednesday. Fitch assigned the COP7.5 trillion program a AAA(col) rating on the local scale and gave the COP6 trill

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