Colpatria Raises Local Funds

Banco Colpatria has raised COP150bn ($83m) in Colombia’s domestic bond market, according to sources familiar with the transaction. The 10-year inflation-linked subordinated bonds pay 4.14%. Demand reached COP497bn Colpatria self-managed the sale, rated AA+ on a national scale, below its AAA senior rating. It previously issued in February, selling COP150bn in similar 10-year notes paying 4.64%.