Bancolombia Sells Local Jumbo

Bancolombia has sold COP600bn ($315m) in 4 series of local bonds, seeing total demand of COP1.28trn. A COP127.3bn 2014 tranche pays DTF+1.85%, a COP132.8bn 2019 tranche pays IPC+4.10%, a COP115.8bn, 2023 tranche pays IPC+4.45%, and a 2026 COP224.1bn tranche pays IPC+4.62%. Bancolombia self-led the sale, rated AAA on a national scale. Banco Popular and ISA are expected to follow this month.