Bancolombia Sells 600 Billion Pesos of Securities in Colombia

Nov. 2 (Bloomberg) -- Bancolombia SA, the nation’s biggest bank, sold 600 billion pesos ($315 million) worth of bonds in the Colombian market today.

Bancolombia sold 2.5-year securities to yield 1.85 percentage points above the DTF interbank rate, the Colombian stock exchange said in an e-mailed statement.

The lender also sold eight-, 12- and 15-year bonds to yield 4.1, 4.45 and 4.62 percentage points above inflation, respectively, according to the statement. Investor demand for the securities totaled 1.28 trillion pesos.

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