Interbolsa To Tap Debt Market

Colombia’s leading brokerage firm Interbolsa is to issue $102 million (230 billion pesos) worth of bonds to help with cashflow and expansion plans. Interbolsa plans to go to the market in April or May. Last year, the brokerage’s earnings rose 186% to $20 million. The company plans to push ahead with national and regional expansion over the next few years. It began operations last October in Panama and is currently eyeing Ecuador and Peru as possible markets in which to expand.