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May 6, 2022
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Colombia carries out second tranche of local public debt swaps

Colombia carries out second tranche of local public debt swaps

The Ministry of Finance and Public Credit successfully completed the second tranche of exchanges of domestic public debt 2022, consisting of the exchange of bonds in its portfolio for $2.6 trillion.

(See: Standard and Poor’s maintains Colombia’s credit rating).

were replaced TES titles maturing in 2023, for TES titles in UVR maturing in 2035, 2037 and TES in Colombian pesos maturing in 2042.

The transactions they were made at market prices and contributed to improving the profile of Colombia’s internal public debt.

In particular, the average life that was extended from 8.97 years to 9.08 years, while the average coupon was reduced from 9.10% to 9.08%.

(See: What they are proposing to stop the rise in energy prices).

This was done without increasing the indebtedness net of the Nation, in line with the provisions of article 2.2.1.1.3 of Decree 1068 of 2015.

(See: Rate of public debt securities TES are already above 10%).

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