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Minhacienda Floats $700 Billion (COP) Notes To Strong Demand; Issuance Oversubscribed
The Colombian Finance Ministry issued $700 billion pesos (roughly $280 million USD) of public debt through Colombia’s domestic financial markets last week, with yields of 5.18% increment for five year maturity, 6.492% for a ten year term, and 735% for a 15 year maturity.
The total demand generated for the debt was $1.8billion pesos, an oversubscription of 2.6 times reflecting strong demand and confidence in the Colombian government’s creditworthiness.
The auction results in numbers:
| Term (years) | 5 | 10 | 15 |
| Due date | Sep 11 2019 | Jul 24 2024 | Sep 18 2030 |
| Coupon rate | 7.00% | 10.00% | 7.75% |
| Yield | 5,180% | 6.492% | 7,350% |
| Received Offers | $ 336 billion | $ 486 billion | $ 986 billion |
| Approved Amount | $ 150 billion | $ 200 billion | $ 350 billion |
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