Colombia’s ‘Cowboy’ Bond Chief Engineers Rally Loaded With Risks

Javier Cuellar in Bogota, on Nov. 4.Photographer: Nathalia Angarita/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Vinicius Andrade, Nicolle Yapur, and Oscar Medina

November 6, 2025 at 1:00 PM UTC

Lea en español
Leia em português

Javier Cuellar is making very large bets. He doesn’t shy from this. Upon launching a complex $9 billion debt deal in Swiss francs, dollars and pesos, Cuellar, Colombia’s public credit director, declared the risk he was taking was so great it had no precedent in the country’s history.