World Bank to Sell First Peso Bonds in Colombia Since 2004 |
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April 22, 2010
he World Bank plans to sell as much as 1.5 trillion pesos ($766 million) of bonds in its first offering in Colombia since 2004, said George Richardson, head of capital markets at the bank.
The World Bank plans to sell as much as 1.5 trillion pesos ($766 million) of bonds in its first offering in Colombia since 2004, said George Richardson, head of capital markets at the bank.
The Washington-based lender is looking for a "window of opportunity" for the offering, which forms part of its push to strengthen debt markets in developing countries, Richardson said. The bank will likely sell the debt in several issues, he said. Bogota-based Correval SA, Colombia's third-biggest brokerage, will manage the transaction.
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