Banco Davivienda will raise approximately $281 million through a bond sale in the local market on August 24, Bloomberg reports. The Colombian lender will initially offer $224.9 million of the securities and an additional $56.2 million depending upon the demand.
The bank, which will offer 22-month securities linked to the IBR interbank rate and 43-, 85- and 126-month debt linked to inflation, postponed the initially planned peso bond sale due to the turmoil in global markets. Alianza Valores is helping manage the sale.
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