trending Market Intelligence /marketintelligence/en/news-insights/trending/usUvLutWmLkA6ww5T9KxsA2 content esgSubNav
In This List

Colombia's Davivienda places 399B pesos of bonds in oversubscribed offering

Podcast

Street Talk Episode 78: The case to build deposits in a market flush with cash

Podcast

Street Talk Episode 79: More attractive premiums for bank M&A targets coming

Blog

Banking Essentials Newsletter: June Edition, Part - 2

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally


Colombia's Davivienda places 399B pesos of bonds in oversubscribed offering

Banco Davivienda SA said March 29 that it placed 399.01 billion Colombian pesos in subordinated bonds on the local market after receiving bids 1.81x over the tendered amount.

The issuance consisted of two series, 84-month series F notes carrying an interest rate based on IPC and 96-month fixed-rate series C notes.

Earlier in the week, the Colombian bank laid out plans to sell 300 billion pesos in subordinated debt under its global bond program for up to 5.0 trillion pesos, though the offering was expandable to up to 400 billion pesos.

Proceeds from the issuance have been earmarked for working capital needs.

As of March 29, US$1 was equivalent to 2,897.38 Colombian pesos.