From January to early September, 10 companies had made 12 bond placements and other types of fixed-income securities in the public securities market for $2.93 trillion.
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The figure, although low compared to years before the pandemic, shows a recovery in its levels, in a market that has been affected by the sharp slowdown of the economy, high interest rates and inflation.
Just to mention the case of what was happening in the same period in 2023, four bond and fixed-income securities issues had been placed by the same number of companies, worth $1.41 trillion, that is, less than half of the balance so far in 2024.
Throughout the past year Bonds and other types of fixed-income securities were placed on the market for $3.23 billion, a figure far removed from that which was placed during 2019 when the figure rose to $13.66 billion and even further from the $13.8 billion that were placed on the market during 2010.
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Bonds
It is also worth noting that Colombian companies that decided to issue debt In the market, they obtained a demand higher (73%) than the amount awarded, for a total of $5.1 billion.
“The dynamics of corporate bond issuance picked up and it was easy to do so after the figures in the first eight months of 2023 were so low,” commented a financial analyst at a bank.
The placements were made in papers such as credit-content securities, mortgage securities, ordinary bonds, green and social bonds (sustainable), domestic public debt bonds, credit-content securities and non-mortgage securities.
In terms of maturity periods, the different placements were made available 2 years, 2.5 years, 3 years, 3.5 years, 4 years, 5 years, 6 years, 10 years and 15 years.
In terms of placement rates, the offer was varied with rates from 5.50% EA, to 7.5%, 10.38%, 10.45%, 11.10%, 11.40% 11.50%, 11.65%, 14%, 14.45%, 17%, as well as in IBR + Margin of 3.39% NMV, IPC + Margin of 5.82% EA, IPC + MARGIN of 6.10% EA, as well as IPC + Margin of 7.18% EA.
Some of the placing agents were Alianza Valores, Corredores Davivienda, Itaú Stock Broker, Shares and Securities, Bancolombia Securities, Credicorp Capital, Brokerage House and BTG Pactual and BBVA Securities.
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HOLMAN RODRIGUEZ MARTINEZ
Portfolio
