Findeter to Revisit Domestic DCM

Findeter will look to issue up to COP300bn ($169m) in Colombia’s local markets on February 15, with the ability to upsize to as much as COP500bn, it says. The Colombian state-owned development finance agency can choose between 18-month, 2-year and 3-year DTF-linked funds, as well as IPC-linked funds with a 5-year maturity. Findeter generally self-manages its domestic bond transactions, and is rated AAA on a national scale. In its last local deal, in November, it issued COP289.7bn in the Colombian domestic bond market, through a 3-tranche deal that saw nearly COP446bn in total demand. It sold COP99.7bn in 2014 bonds at DTF+1.27%, COP91.5bn in 2016s at DTF+1.55%, and COP98.5bn in 2018s at DTF+1.71%.