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Colombia's Banco W to offer up to 100B pesos in ordinary bonds

Banco W SA will issue ordinary bonds on Nov. 29 worth up to 100.00 billion Colombian pesos, according to a Nov. 28 securities filing.

The issuance will be composed of 100,000 ordinary bonds with a nominal value of 1.0 million pesos each.

The offering will be comprised of a two-year A series with sub-series A2, carrying an interest rate of 7.60%.

The bonds will have a partial guarantee from Corporación Andina de Fomento for a maximum amount of 36.0 billion pesos, or equivalent to 15.0 million dollars, the bank said.

Valores Bancolombia SA Comisionista de Bolsa is acting as lead agent.

As of Nov. 27, US$1 was equivalent to 2,977.94 Colombian pesos.