GNB bonds drift lower as Moody’s warns on Paraguay exposure

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GNB bonds drift lower as Moody’s warns on Paraguay exposure

Paraguay
Presidential Palace in Asuncion, Paraguay | Milos Kubus/milosk50 - Fotolia

Bonds issued by Colombian financial holding company Gilex and its subsidiaries widened on Tuesday as the lender’s proposed acquisition of BBVA’s Paraguayan bank triggered a downgrade review from Moody’s.

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