Davivienda Eyes More International Debt

Colombia’s Banco Davivienda has received board approval to issue $300m in the international bond markets, it says. In June, Colombia’s third-largest bank saw 6x demand for its debut dollar bond offering, pricing a 5.875% $500m 2022 bond to yield 5.950%. Credit Suisse and JPMorgan managed. It followed in the domestic market sale in August, raising COP500bn ($275m) in 2022 and 2027 bond. Davivienda is rated Ba1/BB+.