Banco GNB Sudameris SA on Nov. 22 plans to offer bonds worth 300.00 billion Colombian pesos, extendable to 500.00 billion pesos, the bank said in a filing on Nov. 21.
The series B securities will be issued on Nov. 22 in two tranches. The 7-year B1 subseries carries an interest rate of 4.0% on top of the Official Colombian Consumer Price Index IPC. Meanwhile, the nine-year subseries B2 carries a 4.3% interest rate on top of IPC.
The proceed from the offering will be used to finance the bank's working capital, according to the securities filing.
As of Nov. 21, US$1 was equivalent to 3,000.82 Colombian pesos.
