Bancamia Issues COP Bonds

Bancamia has issued COP100bn ($56m) in bonds in Colombia’s local market, according to sources familiar with the sale. The 2014s come with an interest rate of 7.39%. The issuance is the first from a COP400bn program for the Colombian micro lender. Casa de Bolsa and Corficolombiana managed the transaction, rated AA+ on a national scale.