Primax opens $58.5 mn bond sale in Colombia

Primax Colombia, a subsidiary of the service station business owned by Peru’s Alicorp, offered up to $58.5 million worth of five- and 10-year bonds in the local market on Tuesday. The Bogotá-based company said it will use the IPC consumer price index to price the five-year notes, while it will issue the 10-year notes in inflation-linked UVRs at a fixed rate. It could increase the size of the deal by up to COP50 billion to meet demand, it said in a prospectus.

Source: Latin Finance