Colombia Issues $1.5 Billion (USD) Bonds At Record Low 5% Rate

The bonds, due in 2045, have a 5% coupon, the lowest rate that Colombia has achieved to date.

The Ministry of Housing and Public Credit, Minhacienda, completed a successful bond offering today of $1.5 Billion (US), though there was $5 billion worth of demand from 244 institutional bond buyers from throughout the USA, Europe, Asia, and in Latin America.

Minister Mauricio Cárdenas said regarding the issuance, “Its excellent news that reflects renewed investor confidence in the Colombian economy. Its recognition of the flexibility and capacity to adapt our economic policy in light of the volatility of international commodity prices.”

A year ago, Colombia reached a record low 5.6% interest rate on its long bond offering. This rate of 5% breaks that record. A further testament to the nation’s creditworthiness is the oversubscription of $5 billion exceeding the $4.2 billion oversubscription of a year ago.

 Boletín / Comunicado