Tuesday, June 12, 2007

Colombia Sells $1 Billion of Peso Bonds, to Buy Back Foreign Securities

(Bloomberg) -- Colombia sold $1 billion of 20-year
peso-denominated bonds in international markets today, raising
funds to buy back foreign debt.

The government sold the 20-year bonds, the longest maturity
on peso-denominated bonds, to yield 9.85 percent. The government
said in a statement it will repurchase as much as $800 million of
foreign bonds maturing in 2008 through 2016.


Read more at Bloomberg Bonds News

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