Bancolombia eyes T2s to join Lat Am FIG pipe
Colombia’s largest lender, Bancolombia, became the second Latin America bank in two days to announce new issue plans on Tuesday. Similar deals could follow, say DCM bankers.
Bancolombia is plotting a Ba3/BB+ rated Basel III-compliant 10 year tier two bond that it will use to refinance up to $750m of outstanding subordinated bonds maturing in 2020 and 20222. The bank’s senior debt is rated Baa2/BBB.In what will be a curtailed week for Lat Am bond ...
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