Banco de Occidente Sells 201.6 Billion Pesos of Debt in Colombia
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Banco de Occidente SA, Colombia’s fifth-biggest lender, sold 201.6 billion pesos ($105.5 million) of bonds in the local market.
The Cali-based bank sold three- and five-year fixed-rate securities to yield 6.65 and 7.25 percent, respectively, the stock exchange said in an e-mailed statement. It also sold five- , seven- and 10-year debt to yield 4, 4.2 and 4.5 percentage points above inflation.