Bloomberg News

Colombia Said to Plan Benchmark 10-Year Dollar Bond Sale Abroad

January 22, 2013

Colombia plans to sell 10-year bonds abroad as soon as today in its first dollar offering in a year, according to a person familiar with the sale.

The South American country plans to issue the securities to yield 0.9 percentage point above Treasuries in a benchmark-sized sale, said the person, who asked not to be identified because terms aren’t set. The yield on Colombia’s bonds maturing in 2021 rose 0.05 percentage point to 2.39 percent after touching a record low 2.22 percent in October, according to data compiled by Bloomberg. Benchmark typically means at least $500 million.

Banco Davivienda SA (PFDAVVND), Colombia’s third-biggest bank, is also selling bonds abroad. The bank may sell $500 million of five- year notes to yield 2.25 percentage points above Treasuries, according to a person familiar with the offering.

BBVA Banco Continental SA (CONTINC1), a Peruvian lender, plans to sell $300 million of bonds as soon as today, according to a person familiar with the sale. The securities, due in 3 1/2 years, may yield about 2.05 percentage points above Treasuries, said the person, who asked not to be identified because terms aren’t set.

In Mexico, retailer Grupo Famsa SA plans to sell $40 million of one-year bonds as soon as next week, said a person familiar with the sale who asked not to be identified because terms aren’t set.

To contact the reporter on this story: Veronica Navarro Espinosa in New York at vespinosa@bloomberg.net

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


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