Colombia Considers Peso-denominated Bonds

Meanwhile, Colombia may sell local-currency bonds in the international markets later this month, citing increased investor demand and the narrowing spreads between yields of the bonds sold internationally and in the local market. This will be the third peso-denominated international sale for Colombia. It sold $300 million of 10-year bonds in February and last November it issued $375 million-worth of bonds maturing 2010. Earlier this week, Brazil successfully sold $1.5 billion of real-denominated bonds to international investors.