Third time lucky as GNB notches T2

Comugnero Silvana - stock.adobe.com

Colombian bank GNB Sudameris sold a Basel III-compliant subordinated tier two bond on Tuesday after two failed attempts in 2020. The issuer, which also has operations in Peru and Paraguay, printed $400m of 10-year non-call five paper but only after having rejigged its bank group after last year’s cancellations.