Banco Popular is looking to raise around $140 million through a bond sale, The Wall Street Journal reports. The Colombian lender will sell 18-, 24- and 36-month bonds attached to the country’s banking reference index. The rate on the inflation-linked securities is expected to be between 3.71% and 3.77%. The size of the offering may be increased to $225 million, depending on demand.
Click here for the story from The Wall Street Journal.