Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Colombia Bonds Rise on Liquidity Boost After Interbolsa Collapse

Colombia’s peso bonds advanced, pushing yields down the most in two weeks, as the central bank moved to bolster liquidity after the collapse of Interbolsa SA’s brokerage.

The yield on the government’s 10 percent peso-denominated bonds due in July 2024 dropped seven basis points, or 0.07 percentage point, to 6.18 percent, according to the central bank. The currency slid 0.1 percent to 1,812.88 per U.S. dollar, paring its rally this year to 6.9 percent.

Colombia’s central bank offered today 300 billion pesos ($165 million) in 14-day repurchase agreements, accepting securities including corporate bonds as collateral. The announcement came as the government said today it will liquidate Interbolsa’s brokerage, the country’s biggest, after it failed to meet a loan payment last week.

“The news on Interbolsa led to concern we’d see a liquidity squeeze in the market,” said Munir Jalil, the chief economist at Citigroup Inc.’s Colombia unit. “The central bank is sending a clear signal it is ready to offer liquidity, helping especially brokerages that had reduced access through the previous rules.”

The repurchase agreements can be backed by securities including government peso bonds known as TES, corporate bonds and debt issued by Banco de la Republica, the central bank said in a statement on its website.

The repos are being sold to provide liquidity to brokerages and will be maintained “indefinitely for as long as we consider necessary,” Hernando Vargas, a central bank official, told reporters in Bogota.

Suspended Trading

Regulators suspended trading in Interbolsa shares last week and seized its brokerage after it was unable to meet a payment on a 20 billion peso loan.

Chief Financial Regulator Gerardo Hernandez said yesterday Bancolombia took over the brokerage’s trading of government bonds to avoid disruptions of the local debt market.

The decision to liquidate the brokerage was taken to protect the market and the economy’s stability after its “viability came into question and there was lack of confidence from market players that provide liquidity to Interbolsa,” Finance Minister Mauricio Cardenas told reporters today.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.