May 11, 2018 |
Banco Popular has finished a Colombian peso-denominated bond auction, raising roughly COP391bn ($138.6m) across a three-tranche sale.
The local financial institution printed COP111.44bn in 36-month paper at a fixed-rate of 6.17% over the benchmark, along with a further COP97.4bn in 60-month bonds to yield 6.68% over the benchmark.
Popular then sold COP182.15bn in five-year inflation-linked notes at 3.08% over Colombia's consumer price index, or IPC.
Orders on the 36-month note reached COP148bn,
Colombian financial institution spreads $139m worth of local securities across three tranches