CAF To Sell Up To 300 Billion Pesos In 5-, 10-Year Bonds In Colombia
The CAF will sell COP150 billion at first and may expand the sale to COP300 billion if demand for the bonds justifies it.
The bonds will mature in five and ten years; the CAF is ready to pay a maximum annual rate of 11.80% on the five-year bonds and 12.30% on the ten-year bonds.
The local unit of Banco Bilbao Vizcaya Argentaria SA (BBV) will handle the sale.
Colombian companies started tapping the local bond market in late November to take advantage of pension funds' and banks' liquidity to finance themselves at attractive interest rates, said Adriana Botero, a debt analyst at local brokerage Acciones y Valores.
Recent bond issuers include Interconexion Electrica SA (ISA.BO), EPSA, the local unit of Spain's Union Fenosa SA (UNF.MC), and Codensa, the local unit of Spain's Endesa SA (ELE.MC).
-By Inti Landauro, Dow Jones Newswires; 571-6107044 ext 1131; inti.landauro@dowjones.com
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Publié le 15 Décembre 2008 Copyright © 2008 Dowjones
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