Colombia’s establishment candidate disappoints in election polls
Colombia’s far-right trying to postpone presidential elections
Colombia’s opposition embarks on anti-election fraud offensive
Establishment candidate in Colombia’s elections linked to mafia
Far-right group goes from opposing communism to opposing...
ELN declares unilateral ceasefire ahead of Colombia’s elections
Colombia’s opposition dismisses US claim of ‘Russian threat’
Colombia’s drug policy a ‘failure’ that obstructed peace:...
Medellin government rejects ‘illegitimate’ interim mayor
Electoral violence in Colombia doubled since 2018
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia to swap local ’10-’18 bonds with new ’13-’24 ones

by Adriaan Alsema November 25, 2009

Colombia news - peso

The Colombian treasury Wednesday offered to swap as much as 46 trillion Colombian pesos (US$23.35 billion) worth of existing bonds maturing between 2010 and 2018 with new bonds maturing in 2013, 2016 and 2024 in a bid to anticipate the maturing of debt in 2010.

The government also wants to keep an amount of outstanding bonds with different maturities so they all have enough liquidity to be attractive to investors, the ministry said in a statement.

The government will receive mainly fixed-rate bonds but will also take some inflation-linked ones.

Francisco Chaves, a debt strategist with local brokerage Corredores Asociados, expects investors to hand bonds for between COP2 trillion and COP3 trillion worth of bonds.

The government will open two new series of bonds maturing in 2013 and 2016. The coupon of those bonds will be set in the auction to be held Friday.

The government will reopen the 2024 bond that carries a 10% coupon. (Dow Jones)

bondseconomy

Trending

  • Why Colombia’s upcoming elections could trigger a crisis

  • Colombia’s inspector general suspends mayors on election meddling charges

  • Medellin government rejects ‘illegitimate’ interim mayor

Related articles

  • Gross domestic product

  • Labor and unemployment

  • Scholars’ drastic solutions for Colombia | Part 1: renegotiating free trade

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top