Foreign demand for Colombian local debt reached record $1,400 million in September

Foreign demand for local debt reached a record in September, with net inflows of $ 1,400 million, according to the Ministry of Finance and Public Credit. Since late March, peso-denominated bonds have returned 21.6%, well above the 8.6% average for local currency debt in developing countries, according to data compiled by Bloomberg. The government has taken advantage of strong investor demand to raise nearly $30,000 million in debt this year, including $ 1.300 million of its longer-term peso-denominated bond.

Source: Portafolio