Colombia trades down as investors criticise too-tight premium

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Colombia trades down as investors criticise too-tight premium

The Republic of Colombia completed its 2013 funding with $1.6bn of 4% 2024s printed at the second lowest yield it has ever achieved in international bond markets. But the bond’s poor secondary market performance has led investors to warn that the buyside should be careful about offering borrowers such tight new issue premiums in this market.

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