February 11, 2020 / 6:17 PM / 15 days ago

Colombia's Davivienda issues $203.4 mln in local bonds

BOGOTA, Feb 11 (Reuters) - Colombian bank Davivienda raised 700 billion pesos ($203.4 million) via a doubly oversubscribed local bond issue on Tuesday, the stock exchange said.

The bank issued 5-year paper with a yield of 6.04%, 7-year paper with a yield of 6.24% and 12-year paper with a yield of 2.83%.

The country’s third-largest bank by assets received offers for 1.47 trillion pesos’ worth of bonds.

$1 = 3,440.96 Colombian pesos Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Dan Grebler

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