Colpatria Preps Local Bond Sale

Colombia’s Banco Colpatria is set to sell COP80bn ($42m) in subordinated bonds in the local market today. The 2021 bonds should pay interest of IPC plus up to 5.25%. Alianza Valores is managing the sale, rated AA on a national scale. In October 2010, Colpatria sold COP200bn ($108m) in 10-year subordinated bonds priced at par. Those bonds paid IPC+5.20%.