Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS
8 CACS CPD Hours

15 November 2022 (Tuesday) | 9am-5pm

Colombia raised $3bn via a dual tranche offering. It raised $2bn via a 11Y bond at a yield of 3.356% or T+175bp, 30bp inside initial guidance of T+205 area. It also raised $1bn via a 20Y bond at a yield of 4.235% or T+205bp, 30bp inside initial guidance of T+235 area. The notes received orders over $10.2bn ~3.4x issue size. Proceeds will be used for general budgetary purposes. The bonds are expected to be rated BBB-/Baa2 in line with its issuer rating. The new 20Y bonds were priced 6.5bp inside its older 4.125% bonds due 2051 that are currently trading at 97 yielding 4.3%.

Colombia´s USD bonds were slightly up. Its 4.125% 2051s up 0.25 points to 98.803, yielding 4.2% and its 4.95% 2030s were up 0.29 to 105.408, yielding 4.22%

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