(Recasts with results of Corficolombiana issue)
BOGOTA, Aug 27 (Reuters) - Colombian holding company Corficolombiana issued $145.6 million in local bonds on Tuesday, in an effort to raise financing, as holding Grupo Argos prepared a $131 million issue for Wednesday.
Corporacion Financiera Colombiana SA, known as Corficolombiana, issued its 500 billion pesos worth of paper at 3 years with a yield of inflation plus 2.16%, at 10 years with a yield of inflation plus 3.07% and at 20 years with a yield of inflation plus 3.90%, the company said in a statement.
The bonds will finance “economic activity,” the Casa de Bolsa brokerage, which was in charge of the sale, said in a separate statement earlier on Tuesday.
Corficolombiana is involved in the financing of various road construction projects in the Andean country.
For its part, Grupo Argos will issue 450 billion pesos ($131 million) of 3-, 6- and 15-year paper, the company said in a statement to Colombia’s financial regulator.
“The resources from the issue of the ordinary bonds will be 100% destined for the substitution of debt,” the statement said.
The bonds are part of Argos’ global tranche of 2.35 trillion pesos, of which 1.35 trillion has already been issued. ($1 = 3,432.85 Colombian pesos) (Reporting by Nelson Bocanegra Writing by Julia Symmes Cobb Editing by Jonathan Oatis and David Gregorio)