Colombian Lender Set for Subordinated Bond

Banco Colpatria is expected to issue COP150bn ($83m) in 10-year inflation-linked subordinated bonds in Colombia’s domestic market today, according to sources familiar with the Colombian lender’s plans. Colpatria is self-leading the sale, rated AA+ on a national scale, below the AAA senior rating. It last issued in February, selling COP150bn in similar 10-year notes paying 4.64%.