Davivienda Places Local Bonds

Colombian mortgage lender Banco Davivienda has sold COP450bn in domestic bonds. The bank sold COP72bn billion in 2011 bonds at the DTF rate plus 138bp, COP73bn in 2012s at a 7.89% fixed-rate, COP215bn in 2014s at IPC inflation plus 479bp, and COP90bn in 2010s at IBR plus 144bp. Total demand for the sale, rated AAA on a national scale, reached COP1trn, Davivienda says. Proceeds from the AAA issue will go to working capital and other general purposes. The bond was the second and final piece from a COP1trn program, following a COP550bn sale in January.