Davivienda Hits the Road

Banco Davivienda plans to meet bond investors in Latin America, the US and Europe starting next week. The Colombian lender will kick start the 3-day roadshow in London, Santiago and Bogota Monday, followed by visits to accounts in Boston, Lima and Bogota Tuesday before wrapping up Wednesday in New York, Los Angeles and Medellin. A 144A/RegS 10-year Tier 2 transaction with expected ratings of Ba1/BB+ should follow, market conditions permitting. Credit Suisse and JPMorgan are managing the process. Davivienda indicated earlier this month plans to issue access the international markets for up to $500m, increasing from a previously indicated $350m 7-year issuance.