Banco de Bogota to Sell Domestic Bonds

Colombia’s Banco de Bogota plans to sell up to COP200bn ($109.9m) in 2014 bonds today. A floating-rate tranche is basis IPC and another will pay over Colombia’s benchmark DTF rate. A third tranche will pay a fixed coupon of up to 7% and be denominated in the UVR inflation-linked unit. Proceeds will go towards the bank’s capital base. The transaction is rated AA+ by Duff & Phelps Colombia, and managed by Banco de Bogota’s own capital markets unit.