trending Market Intelligence /marketintelligence/en/news-insights/trending/uGJZyOgDZ_wKh73MyWPpEQ2 content esgSubNav
In This List

Davivienda issues 700B Colombian pesos in bonds

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Davivienda issues 700B Colombian pesos in bonds

Banco Davivienda SA issued 700.00 billion Colombian pesos in three series of bonds through a Dutch auction on Sept. 26, with demand for the bonds reaching about 1.357 trillion pesos.

The Bogotá-based bank offered a 48-month series F bond worth 290.93 billion pesos and a fixed rate of 5.75%. Demand for the series reached about 508.93 billion pesos.

An 84-month series F bond worth 289.81 billion pesos was also offered, with a 6.18% annual rate. Demand for the notes was at 588.61 billion pesos.

The bank also offered a 144-month series C bond worth 119.27 billion pesos, and a rate of 2.73% above the benchmark IPC rate. The series yielded a demand of up to 259.20 billion pesos.

Banco Davivienda will use the proceeds from the offerings to finance working capital needs.

As of Sept. 26, US$1 was equivalent to 3,441.80 Colombian pesos.