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Itaú CorpBanca Colombia extends bond issue program for 3 more years

Itaú CorpBanca Colombia SA shareholders agreed to extend the company's current bond issue program for three years and increase its size to 4.6 trillion Colombian pesos from 3.0 trillion pesos previously, according to a July 4 filing.

The bank had previously issued debt of up to 350 billion pesos in June, expandable up to 450 billion pesos; it sold another 400 billion pesos shortly after.

As of July 4, US$1 was equivalent to 2,906.00 Colombian pesos.