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Banco de Bogota, the second largest bank by assets, said on Tuesday it would issue 2.2 trillion pesos ($1.22 billion) in bonds mandatorily convertible into shares.
The Colombia-listed company did not give any more details.
Banco de Bogota is part of Grupo Aval, which also owns Banco Popular, Banco de Occidente and Banco AV Villas. (Javier Mozzo / Reuters)
