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

Banco Popular SA, 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.