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Emerging MarketsEM LatAm

Third time lucky as GNB notches T2

10 mil pesos, peso colombiano, colombia, currency, LatAm

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.

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