Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Jan. 24 (Bloomberg) -- 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.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.