Alpina Prepares Local Issuance

Colombia’s Alpina is considering a COP200bn ($110m) domestic bond issuance, according to Fitch which rates the proposed deal AA on a national scale. The dairy company, in the process of getting approval to issue, is looking at possible tenors of 13 and 15 years. The timing and other details remain undecided. Alpina tapped the local market in 2009, raising COP264bn, through Bancolombia, Correval and Corredores Associados.