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Government Eyes Longer-Dated Tenor For Local Peso Bonds

COLOMBIA
  • COLOMBIA EYES LONGER-DATED TENOR FOR LOCAL PESO BONDS: ACOSTA
  • COLOMBIA TES ETF EXPECTED TO LAUNCH IN 1H OF 2024 (BBG)
  • From the Bloomberg article:
    • "The treasury has recently carried out a series of swaps to ease its short-term obligations. But that’s led to a concentration of local peso bonds, or TES, due around 10-years from now, Public Credit Director Jose Roberto Acosta, said in an interview."
    • "Because of this, the government is considering creating a new tenor of TES, Acosta said, without elaborating on when the securities would mature. The Treasury will consider creating the new maturity once the July 2024 note has expired, he added."

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