Bancoldex Wraps up Domestic Issue

Bancoldex has raised COP700bn ($388m) in Colombia’s bond market, according to a source following the sale, getting nearly 2x demand. The development bank issued a COP100bn 2014 tranche at DTF+1.47%, a COP100bn 2015 tranche at DTF+1.59%, a COP261bn 2019 tranche at IPC+3.87% and a COP239bn 2022 tranche at IPC+4.02%. The bank self-managed the sale, rated AAA on a national scale, with a group of other brokerages.