Colombia cuts Treasury bonds issuance for 2014

Colombia has cut the amount of local Treasury bonds it plans to issue this year by $440 million, as part of debt management that included a swap of domestic bonds.

The government swapped the local bonds, known as TES, with paper that matures in 2014 and 2015 being exchanged for maturities in 2017 and 2028, the finance ministry said.

TES are the second source of government financing after taxes.


Source: Reuters