Banco de Bogota Sells Bonds

Banco de Bogota has sold COP200bn in subordinated bonds across 4 tranches. A COP45.5bn 7-year piece pays IPC plus 5.33%; a COP49.2bn 7-year piece pays UVR plus 5.29%; a COP50.3bn 10-year piece pays IPC plus 5.45%, and a COP55.1bn 10-year piece pays UVR plus 5.45%, says Juan Carlos Paez, the bank’s treasury manager. He adds that total demand soared to COP306bn. This issue is part of the bank’s plan to issue up to COP1.50trn over a 5-year period to raise working capital. Banco de Bogota managed the sale itself.