Colombia Buys $290M in Dollars to Fund $4 Billion Bond Buyback
Key Points — Colombia’s Ministry of Finance bought more than US$290 million net in dollars on Tuesday and continued purchases Wednesday, according to BTG Pactual and BBVA estimates cited by Bloomberg, as the government readies a US$4 billion external bond buyback targeting dollar-denominated paper with coupons above 7%. — The peso fell more than 1% […] The post Colombia Buys $290M in Dollars to Fund $4 Billion Bond Buyback appeared first on The Rio Times.
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Key Points — Colombia’s Ministry of Finance bought more than US$290 million net in dollars on Tuesday and continued purchases Wednesday, according to BTG Pactual and BBVA estimates cited by Bloomberg, as the government readies a US$4 billion external bond buyback targeting dollar-denominated paper with coupons above 7%. — The peso fell more than 1% […]
The post Colombia Buys $290M in Dollars to Fund $4 Billion Bond Buyback appeared first on The Rio Times.
