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Colombia offered $1.5 billion credit line from Japan

Monday, January 25, 2016

Japanese banks are interested in lending Colombia the $1.5 billion it had been planning to raise via foreign bond emissions this year, Finance Minister Mauricio Cardenas said.

The banks indicated that they could make the loans at about one percentage point below the yield on Colombia’s benchmark dollar bonds, Cardenas said on Thursday in an interview in Davos, Switzerland, where he’s attending a meeting of the World Economic Forum.

Source: SwissInfo