November 1, 2009
It is also making headway in areas traditionally dominated by foreign competitors, like cross-border M&A and equities, sticking to a strategy of covering local clients as they look to expand their horizons .In a year when international bond markets and cross-border credit lines dried up, having a leading franchise in peso-denominated DCM has boosted Bancolombias profile. Rodrigo Velásquez, president of Bancolombias investment bank, notes that for the first time ever corporate bond supply has surpassed government bonds. In 2009 so far, weve seen $5.5 billion [equivalent] in corporate issuance, versus around $5.0 billion in local TES, he says.In the 12 months
Bancolombia looms large in some of Colombia’s most important markets, including DCM and project finance advisory.