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Colombia's Banco Davivienda to offer 500B pesos of bonds

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Colombia's Banco Davivienda to offer 500B pesos of bonds

Colombia-based Banco Davivienda SA plans to offer 500.00 billion pesos of ordinary bonds, extendable up to 700.00 billion pesos.

The bonds will be issued Sept. 26 in three tranches, consisting of 48-month and 84-month bonds with a fixed rate, as well as 144-month bonds carrying a variable rate based on the country's IPC consumer price index.

Proceeds from the offering will be used for the company's working capital needs.

Corredores Davivienda SA Comisionista de Bolsa will act as lead placement agent. Valores Bancolombia SA, Casa de Bolsa SA, Credicorp Capital Colombia SA, BTG Pactual SA, Ultraserfinco SA, Acciones y Valores SA ADCAP Colombia SA, Alianza Valores SA, Servivalores GNB Sudameris SA Además, and Banco Davivienda will act as placement agents.