Colombian Bank Upsizes Local Bond

Banco Popular has sold COP400bn ($213m) in Colombia’s domestic bond market, upsizing from COP250bn, according to people familiar with the sale. It sold a COP191bn 18-month bond paying 2.09%, a COP105bn 2015 at 3.10%, and a COP104bn 2018 at 3.89%. The bonds are rated AAA on a national scale. Banco Popular led the deal with a group of banks, including Casa de Bolsa, Corredores Asociados, Acciones de Valores, Serfinco, Ultrabursatiles, and Credicorp.