Colombia’s fifth-largest lender, Banco de Occidente, has raised $209 million through the sale of bonds in the local market, Bloomberg reports. The Cali-based bank has sold bonds, maturing in three and five years, to yield 2.49 and 3.05 percentage points above inflation. The lender has also sold five-year securities to yield 1.5 percentage points above the IBR interbank rate. In total, the bank received $718 billion investor demand for the securities.
Click here for the story from Bloomberg.