Colombia issues $1.3 bn of new global bonds due in 2061

Colombia has issued new global bonds worth $1.3 billion to international capital markets, while also reopening earlier-issued bonds, the ministry of finance said on Wednesday. The new bonds, due in 2061, have a 40-year placement and were issued at 3.875%, the ministry said in a statement, adding that they received demand for $5.37 billion. At the same time, Colombia issued global bonds due in 2031 worth $1.54 billion in a reopening, of which $1.23 billion formed part of a debt-management operation to partially replace global bonds maturing in 2021, 2024, and 2027. The reopened bonds were issued at 3.125%, the ministry of finance said.

Source: Reuters