Helm Bank Issues Bonds

Colombia’s Helm Bank has issued COP400bn ($218m) in local bonds. The AA+ issue was done in 4 tranches, all priced at par. A 3-year COP97.9bn piece pays IBR plus 1.64% to yield 4.75%, a 3-year COP118.2bn piece pays IPC plus 3.00% to yield 5.35%, a 5-year COP67.2bn piece pays IPC plus 3.50% to yield 5.86% and a 7-year COP117.5bn piece pays IPC plus 4.12% to yield 6.49%. Proceeds will be used for working capital. Helm’s own brokerage managed the sale.