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Republic of Colombia starts new bond offering, offers to buy old 7.375% notes

Oct. 03, 2018 9:48 AM ETBy: Liz Kiesche, SA News Editor5 Comments
  • The Republic of Colombia starts a global offering of U.S. dollar-denominated bonds due in 2029.
  • Colombia also starts an offer to buy 7.375% notes due 2019.
  • Tender offer purchase price is US$1,021.25 per $1,000 principal amount; the country has $2B of 7.375% notes due 2019 outstanding;
  • The maximum purchase amount and whether any proration will be applied will be announced Thursday, Oct. 4, 2018. Settlement is scheduled to occur Wednesday, Oct. 10, 2018.
  • Colombian peso +0.3% against the U.S. dollar at 3,008 Colombian pesos per U.S. dollar. In the past three months, the peso weakened 3.3% against the US$.
  • Previously: Talk of Ecopetrol sale nixed by new Colombian president (Sept. 12)
  • ETFs: GXG, ICOL

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