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//colombia
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Fitch: Colombian Merger & Acquisition Market Expected To Stay Hot

Fitch Ratings announced this week that the US based ratings firm expects that favorable financing conditions and projected GDP growth of 3.5% for 2015 bode well for mergers and acquisitions (M&A) activity in the Colombian corporate sector. ‘Colombia has become a vibrant...
Posted On February 8, 2015
, By Loren Moss
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Brazilian Reinsurer Terra Brasis Enters Colombian Market

Superfinanciera, the Colombian regulator of insurance activities, has given Brazilian Reinsurance provider Terra Brasis Re authorization to enter the Colombian insurance market as a foreign reinsurer, as registered in Colombia’s REACOEX, or Registry of Foreign Reinsurers and...
Posted On February 8, 2015
, By Loren Moss
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Latin American Fixed Income Investors Forum To Host Central Bankers, Sovereign Reserve Fund Managers

Global meeting and events organizer Markets Group is gearing up for a one day pan regional meeting hosting leading fixed income investors from throughout Latin America, including pension funds, sovereign reserves, and central bankers. The event is designed to demystify the...
Posted On February 6, 2015
, By Loren Moss
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Gran Colombia Gold Corp. Funds Upcoming Interest Payment On Unsecured Notes Currently In Default

Gran Colombia Gold, the Canadian based gold and silver mining concern, announced today that it sent US$1,058,062 to the trustee to fund monthly interest payments to be made on February 27, 2015 on its Senior Secured Gold-Linked Notes due 2017 and its Senior Unsecured...
Posted On February 5, 2015
, By Loren Moss
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Airing Soon, Border Contraband Exposé: La Frontera Mas Caliente: Colombia-Venezuela

Above: Contraband gasoline smuggled into Maicáo, Colombia from Venezuela. Photo Credit: Loren Moss MIAMI, Feb. 3, 2015, (PRNewswire) — The border between Colombia and Venezuela is home to some of the world’s richest oil and gas reserves. But it is also...
Posted On February 3, 2015
, By Loren Moss
Christian Onetto
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Cisco is Bullish on Colombia

Finance Colombia’s Loren Moss sat down with with Christian Onetto, the general manager of Cisco Colombia, to get his take on why Cisco sees such promise in Colombia. Cisco recently moved to expansive, revamped offices in Bogotá’s Usaquen district, complete with Colombia’s first...
Posted On January 28, 2015
, By Loren Moss
Headline Photo courtesy Minvivienda - Credit: René Valenzuela. MVCT
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Colombia’s Maximum Rent Increases Nationally Set At 3.66% For 2015

Minvivienda, Colombia’s ministry of housing announced that maximum rent increases for those residential renters in leases that conform to the official rate when adjusting rents a contract anniversary dates will be limited to 3.66%, a rate equal to the rate of inflation determined...
Posted On January 25, 2015
, By Loren Moss
Couretesy j26jp - Pixabay
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Pacific Rubiales Stock down 90%—Is It a Possible Takeover Target?

The depressed global oil prices have not been kind to Pacific Rubiales, Colombia’s largest independent oil producer. Heavily staffed with refugees from Venezuela’s PDVSA, the company is finding it even more challenging to create shareholder value than its other petroleum sector...
Posted On January 24, 2015
, By Loren Moss
Mauricio Cardenas, photo courtesy MinHacienda
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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...
Posted On January 21, 2015
, By Loren Moss
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Fitch Affirms Medellín’s International Credit Ratings, Outlook Stable

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...
Posted On January 20, 2015
, By Loren Moss
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