Aval Issues 5-Tranche Bonds

Colombian financial holding Grupo Aval has sold COP750bn ($373m) in 5 tranches. A 3-year tranche pays 114bp over DTF, a 5-year pays 369bp over IPC, a 7-year pays 449bp over IPC, a 10-year tranche pays 484bp over IPC and a 15-year pays 520bp over IPC, says DCM banker Natalia Gomez of Corficolombiana, which structured and managed the issue. She adds that total demand was COP1.7trn.