ISA Ups Bond Program

Colombia’s ISA is planning to increase its global bond program to COP2.7trn ($1.54bn) from COP1.7trn, it says. It does not indicate any specific plans to issue. ISA is rated BBB minus, and AAA on a domestic scale. In December it sold COP300bn in local inflation-linked bonds, getting a 4.47% yield on a 12-year, and 4.84% on a 30-year. Fitch has upgraded the outlook on ISA’s BBB minus rating to positive from stable.