Banco Serfinanza SA's directors approved the bank's placement of ordinary bonds for up to 500.00 billion Colombian pesos, Valora Analitik reported.
The bank has yet to give details about the offering, including the date of the placement and its terms.
Earlier this year, Banco Serfinanza started operating as a bank after being a commercial financing company for years.
As of Aug. 29, US$1 was equivalent to 3,456.90 Colombian pesos.
