Colombia's Aval prices through guidance
Colombian financial conglomerate Grupo Aval found idyllic conditions on its return to international bond markets on Tuesday after an eight absence, offering a minimal concession to existing notes issued by its largest subsidiary.
Citi, HSBC and JP Morgan had led Ba2/BBB- rated Aval’s roadshow between January 22-27 and, despite a quiet day for US bond markets on Monday, set initial price thoughts of low 300bp over US Treasuries for a 10 year senior unsecured deal first thing Tuesday.
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