Colombia’s local bank Helm Bank SA will offer up to COP300 billion (US$148 million) worth of local bonds on Thursday, the bank said in an ad published in La Republica.
Helm Bank will offer COP200 billion first and may expand up to COP300 billion if there is enough demand, the bank said. The bond sale is part of a COP1.5 trillion bond program.
The bonds will mature in three, five and ten years. Helm is ready to pay as much as inflation rate plus a spread of 5.70 percentage points on the 10-year bonds, inflation plus a spread of 4.60 percentage points on the five-year bonds, IBR benchmark rate plus 1.90 percentage points on some of the three-year bonds and a fixed 6.60% on the other three-year bonds.
Helm Bank was previously called Banco de Credito and it is controlled by U.S.’s Wilde family. (Dow Jones)