Banco Itaú Colombia Issues $135 Million USD in Ordinary Bonds

In another round of an ongoing bond program, Banco Itaú Colombia last week completed the issuance of more than $135 million USD (400 billion pesos) of ordinary bonds.

The bonds were issued in the Colombian through a Dutch auction with an elevated demand that was 1.5 times above the offering, according to Colombian arm of the Brazilian bank.

This demand shows “the confidence of the market in Itaú,” said Derek Sassoon, vice president of treasury and global Markets at Banco Itaú Colombia, as reported by the Colombian publication La República,

This marks the fourth bond issuance within the current capital raising program.

(Photo credit: Thomas Hobbs)