Credit Suisse Securities LLC – Finance Colombia https://www.financecolombia.com Connecting Colombia to the global capital markets, analysts, economists, investors, and executives that matter Mon, 23 Dec 2019 23:04:51 +0000 en-US hourly 1 https://www.financecolombia.com/wp-content/uploads/2016/01/cropped-Favicon-32x32.png Credit Suisse Securities LLC – Finance Colombia https://www.financecolombia.com 32 32 Fitch Ratings Assigns BBB Rating to Colombia’s $1.5 Billion USD in 2029 Bonds https://www.financecolombia.com/fitch-ratings-assigns-bbb-rating-to-colombias-1-5-billion-usd-in-2029-bonds/ Wed, 10 Oct 2018 16:54:51 +0000 https://www.financecolombia.com/?p=15988 Colombia’s $1.5 billion USD in 2029 bonds have been rated at BBB by New York-based credit rating agency Fitch Ratings.

The bonds, which mature on March 15, 2029, were issued on October 3 and have a coupon of 4.5%.

The bond issuance was made to fund governmental liability management transactions and for general budgetary purposes, as characterized by the big three credit rating agency. This included roughly $312 million to purchase outstanding notes due 2019 with a 7.4% coupon.

The company’s rating for the bonds match its BBB long-term, foreign-currency issuer default rating (IDR) for the nation of Colombia, which it affirmed in May.

“The bond rating would be sensitive to any changes in Colombia’s long-term, foreign-currency IDR,” said Fitch in a statement.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities LLC served as joint book-running managers for the bond offering.

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