Bloomberg News

Colombia Auctions Peso Bonds Due August 2026 to Yield 7.75%

September 28, 2011

(Adds yields in third paragraph.)

Sept. 28 (Bloomberg) -- Colombia sold peso bonds due August 2026 to yield 7.75 percent at a government auction of fixed-rate securities today, according to the Finance Ministry.

Colombia first issued the securities due 2026 last week to yield 7.56 percent, as part of a debt swap where it repurchased 6.4 trillion pesos ($3.3 billion) of debt due between 2012 and 2014 and offered in return debt due October 2015, October 2018 and the 2026 bonds.

In today’s auction, Colombia also sold bonds due October 2018 to yield 6.97 percent, up from 6.87 percent at the last auction on Aug. 24, while the yield on the October 2015 securities rose to 6.27 percent from 6.21 percent, the Finance Ministry said in a statement.

Investor demand for the fixed-rate securities totaled 883 billion pesos, almost three times the 300 billion pesos of debt offered, the ministry said in the statement.

--Editors: Glenn J. Kalinoski, Marie-France Han

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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