Cabei Does Colombia Local Notes

Central American development bank Cabei has sold COP250bn ($107m) in bonds locally in Colombia, says Cabei treasury head Felix Magana. The bank, which has also recently issued in Costa Rica and Taiwan, priced COP150bn in 5-year bonds at par to yield 9.99% and COP100bn in 10-year bonds at 10.69%. The issue was 3.5x subscribed, Magana says, and is the first from a COP500bn program. Citi managed the transaction.