In addition to the issuance, the Government executed a repurchase operation of € 715 million expiration bonds in March 2026.
Colombia returned to the bond market in Europe after ten years, with a historical placement that reached € 4.1 billion And a demand for € 25,433 millionthe highest level recorded by an emerging country in this type of operations.
The issuance was made in three references with maturities in 2028, 2032 and 2036, with coupons of 3.75%, 5.00%and 5.625%. The weighted average coupon was 4,741%. According to the Ministry of Finance, the high demand allowed to reduce the rates in 58 basic points compared to the initial indicative levels.
In addition to the issuance, The Government executed a repurchase operation of € 715 million with expiration in March 2026which helps mitigate the risk of refinancing next year.
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He Minister of Finance, Germán Ávila Plazas, He highlighted the relevance of diversifying the sources of financing: “This transaction manages to take advantage of the strong reduction of the interest rates of the global bonds of Colombia, which will be reflected in fiscal savings due to less interest payment of the debt service.”
For its part, the Director of Public Credit and National Treasury, Javier Cuéllarhe stressed: “The record achieved in the construction of the investor orders book demonstrates the recovery of International market confidence in the technical management of Colombian public debt. “ Medium -term debt management strategy “.
With this placement, Colombia not only diversifies its sources of financing in coins other than the dollar, but also consolidates a debt curve in euros that expands the investor base and improves the profile of external maturities.
Source: Integrated information system
