Colombia to substitute some planned dollar financing for $1.3 bn in bonds

Colombia plans to substitute some of its planned 2020 financing in dollars for a local debt emission of about 5 trillion pesos ($1.28 bln), three market sources with knowledge of the plan told Reuters on Monday. The ministry will extend auctions of local so-called TES bonds until November in order to raise the projected funds. TES paper is the country’s second top source of financing after tax collection.

Source: Reuters