The Colombian government auctioned peso-denominated TES bonds Wednesday, with yields climbing from the previous sale on Oct. 27.
The yield on the TES due 2016 rose to 6.384% from 6.250% in the last auction, the Finance Ministry said in a statement. The yield on the bonds due 2024 climbed to 7.449% from 7.350% in the previous sale.
The Colombian government also auctioned a bond due 2013 with a 4.970% yield. The Colombian government sold 330 billion pesos ($178 million) worth of TES, with total demand reaching COP841 billion.
Demand for TES has been high on expectations that Colombia could soon receive a coveted investment-grade rating for its debt. (Darcy Crowe / Dow Jones Newswires)