Bancoldex Places COP324bn Issue

Colombia’s state development bank Banco de Comercio Exterior de Colombia has sold COP324.5bn ($183m) in bonds locally. It placed COP193.3bn worth of paper maturing in 24 months at the DTF rate plus 2.39%, and COP131.2bn in 36-month bonds at DTF+2.55%. Demand reached COP533bn. Proceeds will strengthen the bank’s lending capabilities to domestic companies to help them finance expansions.