Bloomberg News

Banco Popular to Sell Up to 400 Billion Pesos of Debt Tomorrow

January 24, 2012

Jan. 24 (Bloomberg) -- Banco Popular SA, a Colombian lender, plans to sell as much as 400 billion pesos ($221 million) of bonds in the domestic market tomorrow.

The Bogota-based bank will offer to sell 18-month securities to yield as much as 1.95 percentage points above the IBR interbank rate, according to a statement published today in La Republica newspaper. The lender will initially offer 250 billion pesos of the securities, according to the statement.

Banco Popular will also sell 24-month debt to yield up to 1.95 percentage points above the DTF interbank rate and 36- and 60-month inflation-linked bonds to yield 3.6 and 4.1 percentage points above inflation, respectively, according to the statement.

--Editor: Brendan Walsh

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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