Findeter grants banker wishes as global peso bond trades up

Colombia
By Oliver West
07 Aug 2014

Bankers started the week surprised at Findeter’s decision to sell its debut international deal in pesos, while some investors unwilling to take local currency risk lamented the chance to get their hands on some rare new Colombian paper.

But a well bid deal on Wednesday that performed well in secondary markets brought back global local currency to Latin America after more than a year’s absence and gave bankers hope that more issuers would be willing to try in their own currency.

The bond was trading ...

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