Bloomberg News

Forero Says Davivienda Has Funds for HSBC Purchase

January 24, 2012

Jan. 24 (Bloomberg) -- Banco Davivienda SA has the funds to close its acquisition of HSBC assets in Central America, Efrain Forero, the bank’s president, told reporters in Bogota.

The bank may seek additional financing, though it wouldn’t be necessary, he said. The bank also plans to offer overseas bonds worth $350 million in the second or third quarter, which would not be used directly to close the transaction, he said.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: Glenn Kalinoski at gkalinoski1@bloomberg.net


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