Occidente Launches Second Round for FO

Colombia’s Banco de Occidente has launched the order period for the second round of its COP200bn ($112m) sale 6.06m shares at COP33,000 each. Buyers came in for 5.49m shares in the first round, indicating the raising of COP183bn so far. The offer closes in 15 days. The bank’s own brokerage and Deceval are managing the sale. Retailer Grupo Exito is also in the Colombian market at the moment, scheduled to close its COP2.502trn ($1.40bn) equity follow-on Friday.