Banco Popular to Sell Up to 400 Billion Pesos of Debt Tomorrow

Banco Popular SA (POPULA), a Colombian lender, plans to sell as much as 400 billion pesos ($221 million) of bonds in the domestic market tomorrow.

The Bogota-based bank will offer to sell 18-month securities to yield as much as 1.95 percentage points above the IBR interbank rate, according to a statement published today in La Republica newspaper. The lender will initially offer 250 billion pesos of the securities, according to the statement.

Banco Popular will also sell 24-month debt to yield up to 1.95 percentage points above the DTF interbank rate and 36- and 60-month inflation-linked bonds to yield 3.6 and 4.1 percentage points above inflation, respectively, according to the statement.

To contact the reporter on this story: Andrea Jaramillo in Bogota at

To contact the editor responsible for this story: David Papadopoulos at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.