February 4, 2020 / 8:04 PM / 24 days ago

Colombia's Banco Popular issues bonds worth $145.5 million in offer

BOGOTA, Feb 4 (Reuters) - Colombia’s Banco Popular issued bonds worth 495 billion pesos ($145.5 million) on Tuesday in an over-subscribed offer, the country’s stock exchange said.

In the offer, which saw demand for more than double the bonds on offer, Banco Popular released papers of three years with a yield of 5.88%, five years at 6.12% and seven years at 6.29%.

Offers for more than 1.1 trillion pesos were received during the issued, the stock exchange said in a statement.

The issue from the bank, which is a subsidiary of financial conglomerate Grupo Aval, is part of a global coupon for 7 trillion pesos.

$1 = 3.401,56 pesos Reporting by Nelson Bocanegra Writing by Oliver Griffin Editing by Leslie Adler

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