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Findeter Taps Local Market
Colombian state-owned development finance agency Findeter has raised COP339bn ($181m) through a domestic bond sale. The value represents an increase from the previously-planned COP200bn. A COP60bn two-year tranche pays IBR+1.82%, a COP24bn three-year tranche pays IBR+1.90% and a COP256bn five-year tranche pays IPC+3.82%. Findeter coordinated the sale itself, aided by a group of local brokerages.