Bloomberg News

Bancolombia Sells 600 Billion Pesos of Securities in Colombia

November 02, 2011

Nov. 2 (Bloomberg) -- Bancolombia SA, the nation’s biggest bank, sold 600 billion pesos ($315 million) worth of bonds in the Colombian market today.

Bancolombia sold 2.5-year securities to yield 1.85 percentage points above the DTF interbank rate, the Colombian stock exchange said in an e-mailed statement.

The lender also sold eight-, 12- and 15-year bonds to yield 4.1, 4.45 and 4.62 percentage points above inflation, respectively, according to the statement. Investor demand for the securities totaled 1.28 trillion pesos.

--Editor: 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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