Colombian lender undisturbed by deal delays

12 Feb 2013

As bankers confirmed that Brazilian high yield firms Schahin and J&F had postponed their deals, Colombian lender Banco de Bogotá sold $500m of subordinated bonds late on Monday with a seven times subscribed book.

Citi, HSBC and JP Morgan led the 10 year deal, which was priced in line with talk at par with a coupon of 5.375%. The order book reached more than $3.5bn, according to the borrower. The Baa3/BBB- rated 144A deal is expected to count as tier two capital ...

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