Dec. 3 (Bloomberg) -- Grupo Aval Acciones y Valores SA, Colombia’s biggest financial holding company, sold 750 billion pesos ($376.4 million) of bonds in a record offering for the local exchange.
Aval sold five-year debt to yield 3.69 percentage points above inflation, seven-year bonds to yield 4.49 percentage points above inflation and 10-year and 15-year securities to yield 4.84 and 5.20 percentage points above inflation, respectively, Colombia’s stock exchange said in a statement. The company also sold three-year bonds to yield 1.14 percentage points above the country’s DTF interbank benchmark rate.
Total demand for the peso securities was 1.65 trillion pesos, according to the statement. The 750 billion pesos is the most a company has ever sold through the stock exchange in one offering, the bourse known as BVC said in a separate statement.
To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net
Source: bloomberg.com/
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