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Colombia issues low-yield 10-year bond at $1 billion

Wednesday, January 23, 2013

Colombia issued a 10-year, dollar-denominated global bond worth $1 billion at a yield of 88 basis points above benchmark U.S. Treasury bonds on Tuesday, a senior finance ministry official told Reuters.

In the country's first global issuance this year, Colombia attracted the "lowest yield in its history", according to Maria Fernanda Suarez, director of public credit at the ministry.

"This once again confirms investor confidence in the administration of President Juan Manuel Santos and the positive outlook for the Colombian economy," she said.

Source: Reuters