Colombia Plans to Sell Dollar Bonds Abroad After Fed Surprise
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Colombia plans to sell dollar bonds abroad a day after the Federal Reserve kept its stimulus program intact, driving down yields on emerging-market debt.
Colombia hired Deutsche Bank AG and HSBC Holdings Plc to sell securities due in 2024, according to a regulatory filing. The country may sell the bonds today to yield about 165 basis points, or 1.65 percentage points, more than U.S. Treasuries, according to a person familiar with the offering who asked not to be identified because the terms aren’t set. The benchmark offering will be at least $500 million, the person said.