Late in 2004, Colombia broke with tradition. In place of its usual year-end dollar bonds to pre-fund spending in the year ahead, it issued landmark peso-denominated global bonds. The CP954.24 […]
Category: Colombia
A Playground for Multilaterals
Enlightened regulation has made Colombia’s debt market a launch pad for innovative new structures from domestic and international issuers.
Running Out of Time
Colombia will soon become a net importer of oil unless it can attract more investment. International oil companies want the government to offer them a better deal.
Divide and Capitalize
Colombia’s Grupo Empresarial Antioqueño is a dominant player in the financial services, food and cement industries. But its complex structure is limiting access to capital, a problem GEA’s bosses are trying to overcome.
No Small Tasks Lie Ahead
Roberto Junguito, Colombia’s new finance minister, has his work cut out for him. He must deal with the country’s budget
deficit, wage fiscal war on the guerillas and grow the
economy.
Living with Headline Risk
Investors are applauding Colombia’s economic team for straightening out the government’s finances. But political uncertainty is rising with the approach of the 2002 elections.
Sovereign Report
Colombia Swaps, Issues, and Reopens Colombia carried out an impressive domestic debt exchange in June reducing its financing needs for next year. The government exchanged $2.45 billion in debt for […]
Too Little, Too Late?
In July, Colombia’s three feeble stock exchanges merge into a unified bourse. The question is, will the change restore equity investment in the country, even if sovereign risk improves?
Outmaneuvering the Market
The World Bank rewards Colombia for getting its fiscal house in order with a partial guarantee that helped the sovereign access the fickle dollar market at a difficult time.
