Banco Popular to Sell Up to 300 Billion Pesos of Securities

Banco Popular SA (POPULA), a Colombian lender, plans to sell as much as 300 billion pesos ($168 million) of bonds in the domestic market on Aug. 17.

Banco Popular will offer to sell 18-, 24- and 36-month securities linked to the IBR interbank rate and 5-year inflation-linked bonds, brokerage Alianza Valores, which is helping manage the debt sale, said in an e-mailed statement. The lender will initially offer 200 billion pesos of the securities, according to the statement.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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