- 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