Bancolombia Looks at 2014 Fundraising

Bancolombia is considering tapping capital markets in 2014, CEO Carlos Raul Yepes tells LatinFinance. “Grupo Bancolombia does not plan to issue shares this year. Nor is a bond sale planned this year. We do think that in the future, particularly next year, we might think about issuing capital. But not in 2013,” Yepes says. The bank agreed to buy HSBC’s assets in Panama for $2.1bn earlier this year. Bancolombia’s last bond deal was a $1.2bn 2022 sold in September 2012, which followed a $900m equity follow-on earlier last year.