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The Colombian unit of Spain’s Banco Santander SA Thursday sold 140 billion Colombian pesos ($78 million) in local seven-year bonds, the local stock exchange said.
Banco Santander Colombia SA’s bonds will pay a yield of inflation rate plus 4.45 percentage points. The total demand for the bonds was COP403 billion. The bank didn’t give details on what it will do with the proceeds of the bonds.
Santander is the 11th largest bank in Colombia in terms of assets, with assets worth COP6.25 trillion and a net profit of COP65 billion over the first seven months of this year. (Inti Landauro / Dow Jones Newswires)
