Colombia’s Banco Popular
said on Monday it will sell $1.4 billion in
peso-denominated bonds, taking advantage of high liquidity in
local markets.
The privately owned bank issued a statement announcing the
planned bond sales. The statement did not say over what period
of time the debt would be offered or what the bank plans to do
with the proceeds.
Banco Popular has $5.1 billion in assets and is controlled
by Colombian tycoon Luis Carlos Sarmiento. (Reuters)