Colombian regional development bank Findeter plans to sell 200 billion
Colombian pesos (US$98.5 million) of bonds on the local market Wednesday,
it said in an advertisement published in local newspaper La Republica.
Findeter will sell as much as COP50 billion worth of 2-year bonds
tied to a fixed rate, said Felipe Campos, analyst at local brokerage
Alianza Valores.
It will also sell COP75 billion of three-year bonds at the
country’s benchmark DTF interest rate plus an undetermined spread and
COP75 billion of five-year bonds tied to inflation plus an undetermined
spread.
Findeter will be the latest of several Colombian companies that are
poised to issue a total of up to COP2.6 trillion of debt on the local
bond market in August to take advantage of low interest rates and high
liquidity.
On Tuesday, Colombia’s largest airline, Avianca SA, said it is
scheduled to sell up to COP500 billion worth of local bonds on Aug. 25
to finance the purchase of Airbus jets and to pay debt.
Recent issuers include state development bank Banco de Comercio
Exterior de Colombia SA, or Bancoldex, which sold COP500 billion worth
of bonds on Wednesday, and Colombian food company Colombina, which sold
COP100 billion in bonds last week.