Credivalores issues second FNG-backed bonds

Credivalores issues second FNG-backed bonds

Bonds Debt Fixed Income Capital Markets Economy & Policy Colombia Peru Andean

Colombian consumer lender Credivalores said it issued COP43 billion ($10.4 million) in bonds on Thursday with backing from national guarantee fund FNG, the second time it has relied on government support to raise debt in the local market. Credivalores priced the 15% 2025 bonds at 92.936 with Bancolombia as the sole structuring, it said in a securities filing. Fitch Ratings assigned the notes a AA(col) rating on the local scale, pointing out that the FNG guarantee covers up to 70% of the principa

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