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BBVA Colombia Plans $249M Bond Sale
08-04-2009 | Source: emii.com
People & Companies in the News style="LINE-HEIGHT: normal"> style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'">Banco Bilbao Vizcaya Argentaria style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'">’s (BBVA) Colombian unit is planning to sell bonds worth $249 million, The Wall Street Journal reports. BBVA Colombia will sell two series of bonds maturing in 2012. The sale will be managed by BBVA Valores Colombia.
style="LINE-HEIGHT: normal"> style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'">One series will be sold at Colombia’s benchmark interest rate and a maximum spread of 1.90 percentage points, while the second will pay a maximum fixed-rate of 8%. The deal is part of the bank’s plan to sell $832 million worth of bonds during 2008 and 2009.
style="LINE-HEIGHT: normal"> style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'">For the complete story, click href="http://online.wsj.com/article/BT-CO-20090803-715788.html" target=_blank>here.
style="LINE-HEIGHT: normal"> style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'">For additional coverage, click href="http://www.bloomberg.com/apps/news?pid=20601086&sid=a82L2hsB8POo" target=_blank>here.
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