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Oct. 19 (Bloomberg) -- Yields on Colombia’s inflation- linked peso bonds due February 2023 fell to 3.65 percent at the government’s last competitive auction this year.
The yield on the securities, known as TES UVR, declined from 3.78 percent at the previous auction on Aug. 17.
The yield on debt due May 2017 fell to 3.19 percent from 3.35 percent, while the government sold its February 2015 securities to yield 2.84 percent from 3.11 percent, the Finance Ministry said in a statement. Demand for the three securities equaled 680.6 billion pesos ($358 million), more than three times the 175 billion pesos offered, the ministry said in the statement.
Colombia has no plans to begin meeting its 2012 financing needs by auctioning more local bonds, known as TES, after it completes this month its annual plan to auction 18 trillion pesos worth of the securities, Public Credit Director German Arce said in an interview last week.
--Editors: Marie-France Han, Glenn J. Kalinoski
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