Colombia launches US$1bn tap of 5% 2045 bond at T+253bp -sources
NEW YORK, March 23 (IFR) - The Republic of Colombia, rated Baa2/BBB/BBB, has launched a US$1bn tap of its 5% 2045 bond at Treasuries plus 253bp, two market sources said on Monday.
The launch price is 12bp tighter than initial price thoughts of T+265bp issued earlier today.
Deutsche Bank, HSBC and Itau BBA are expected to price the deal later on Monday.
(Reporting by Mariana Santibanez and Mike Gambale; Editing by Natalie Harrison)
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