January 25, 2023 12:58 GMT
Government Sold USD Bonds, Retail & Industrial Confidence Due
COLOMBIA
- Colombia tapped global markets on Tuesday for the first time in 2023. The government sold $1.8 billion of the 7.5% coupon bonds to yield 7.6%, down from initial price talk of 8%. Part of the proceeds will be used to buy back the country’s global bonds due next year, with coupons of 4% and 8.125%.
- “Overall, good timing, good market — and ahead of other potential issuers,” said an analyst at BBVA in New York. “Investors have been awaiting more primary activity.” (BBG)
- Energy and Mines Minister Irene Velez has held a press conference to address comments she made in Davos regarding the nation’s oil and gas reserves.
- At the WEF, Velez stated that her country’s government remains determined to stop awarding new oil and gas exploration contracts, a clear sign of the commitment in the fight against climate change.
- She used today’s press conference to stand by a ministry document which states that the nation’s gas resources, including proven and probable reserves, are sufficient to meet domestic demand until at least 2037.
- Today, both retail and industrial confidence data are scheduled with no survey estimates.
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