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Colpatria Sells COP80bn Bonds
Colombian financial conglomerate Colpatria has sold COP80bn (42m) of subordinated bonds in the local market. The 2021 bonds were priced at IPC+5.25% after generating COP112.9bn in demand. Alianza Valores managed the transaction, rated AA on a national scale. Banco Popular is expected to raise COP250bn in the local market next week.