Bloomberg the Company & Products

Bloomberg Anywhere Login


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

Banco de Bogota Bonds Soar in Debut as Trading Volume Tops Trace

Don't Miss Out —
Follow us on:

Feb. 12 (Bloomberg) -- Bonds issued by Banco de Bogota SA, Colombia’s second-biggest lender, rallied in their first day of trading.

The subordinated bonds due in 2023 gained 1.97 cents on the dollar to 101.97 cents at 2:02 p.m. in New York, according to data compiled by Bloomberg. The yield fell to 5.12 percent from 5.38 percent in yesterday’s offering. The securities were the most active today in the U.S. corporate bond market, with 396 trades, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

The Colombian lender’s notes are gaining a day after Brazil’s J&F Participacoes SA, the parent of the world’s biggest beef producer, postponed a planned junk bond citing “adverse conditions,” and four days after Schahin Oil & Gas Ltd., a Brazilian oil company rated non-investment grade, scrapped a debt offering

Banco de Bogota, rated Baa3 by Moody’s the lowest-rated investment grade, sold $500 million of the bonds yesterday.

To contact the reporter on this story: Veronica Navarro Espinosa in New York at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.