Davivienda Taps Domestic Funds

Banco Davivienda has issued COP400bn ($207m) in Colombia’s local bond market, it says, issuing up to a maximum limit. Total demand topped COP617bn. The bank sold COP316bn in 2015 bonds at IBR+2.00%, inside a 2.05% maximum rate. A second COP84bn 2020 tranche pays IPC+4.29%, inside of a 4.35% maximum. The bank’s Davivalores arm managed, at the head of a group of banks. Davivienda is rated AAA on a local scale. Celisa is set to raise up to COP800bn in the domestic market today. Colombians have issued $4.0 billion-equivalent in the domestic market this year through Tuesday, according to LatinFinance data. This is just shy of the $4.1 billion raised during the corresponding period in 2012.