Banco Popular to Sell Up to 400 Billion Pesos of Securities
Banco Popular SA (POPULA), a Colombian lender, plans to sell as much as 400 billion pesos ($219 million) of bonds in the domestic market on Jan. 25.
Banco Popular will offer to sell 18-month securities linked to the IBR interbank rate, 24-month debt linked to the DTF interbank rate and 36- and 60-month inflation-linked bonds, brokerage Alianza Valores, which is helping manage the debt sale, said in an e-mailed statement. The lender will initially offer 250 billion pesos of the securities, according to the statement.
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