Bolivian Bank Plots Subordinated Dollar Bonds

Banco Nacional de Bolivia is planning to issue $10m subordinated bonds. The rare Bolivian issue will have a tenor of 6 years, according to Moody’s, which gives the issue B2 global- and Aa3 national-scale ratings. The transaction is a first from the bank’s $20m subordinated debt program. Banco Nacional, headquartered in La Paz, had assets of BOB7.7bn and deposits of BOB6.9bn, as of June 30, says Moody’s.