A recent report by the Cali Chamber of Commerce found that the accumulated value of remittances sent to the country in October grew 0.8% annually, reachingat $ 5,613 million. The countries from which Colombia received the most remittances this year were the United States, 52.4%; Spain, 15.5%, and Chile, 6.0%.
Financiera de Desarrollo Nacional (FDN), a financial corporation specialized in infrastructure project finance and structuring, announced the issuance of hybrid bonds for an amount of $721 million. The FDN reported that the hybrid bonds were issued for 10 years and the rate was defined under market parameters: IPC + 3.17%.
The Colombian Stock Exchange (BVC) reported the signing of an Engagement Letter between the Lima Stock Exchange (BVL), Santiago de Comercio (BCS) with Rothschild & Co., an expert firm in asset valuation, with the intention of to have a detailed report of the three entities. The contract is signed within the framework of the ongoing integration process of the three exchanges.
The Hotel and Tourism Association of Colombia (Cotelco) and the Colombian Association of Travel and Tourism Agencies (Anato) published the sector reports to date, showing a significant drop in the tourist economy, as well as a slow recovery during the last months. Whilst 85.5% of tourism companies have reopened, 41% of the jobs in the tourism industry were lost during the pandemic. Hotel occupancy, which reached its lowest point in history in April at 2.1%, rose to 28% in November. The entities´ estimates are that the normal average of 55% occupancy will be seen until the first quarter of 2022.
Clever Leaves, founded in Colombia and dedicated to the manufacture of medicinal cannabis, celebrated its entry into Nasdaq, the second most important stock exchange in the United States. it is the first medical cannabis company founded in Colombia to ring the Nasdaq bell. Clever Leaves is a multinational cannabinoid company, with more than 400 employees globally, most of them in Colombia, with operations and investments in Germany, Canada, the United States and Portugal. Negotiations on the Nasdaq capital market were carried out under the symbols "CLVR" and "CLVRW".