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Government Launches $1.8 Billion Bond Sale to Fund Buyback

COLOMBIA
  • Following up on the earlier announcement that Colombia is tapping global markets for the first time this year , the government have launched the $1.8 billion sale of bonds due in 2034 with a yield of 7.60%, down from initial price talk of 8%, according to a person familiar with the matter.
  • The plan is to use some of the proceeds to join Latin American peers in buying back cheap debt.

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