Colombia´s Financiera de Desarrollo Nacional will issue hybrid bonds for up to $686 mn

Colombia´s National Development Finance (FDN) approved the issuance of hybrid bonds for up to $ 686 million. These bonds will replace the subordinated bonds issued by the FDN in 2016 (for the same amount). As per their definition, these type of bonds are not only a debt mechanism, but they can also become part of the capital of the entity. This is the first issue of the so-called hybrid bonds by an entity attached to the Colombian Ministry of Finance.

Source: Valora Analitik