Colombia’s Banco de Occidente has raised $105.5 million in a bond sale in the local market, Bloomberg reports. The bank sold securities maturing in three and five years at a fixed-rate yield of 6.65 percent and 7.25 percent, respectively.
It also sold five-, seven- and 10-year debt yielding 4 percent, 4.2 percent and 4.5 percent, respectively. Banco de Occidente also sold three-year bonds to give 1.8 percent return above the IBR interbank rate. The bank was looking to raise $156 million from the securities sale.
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