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Colombia sells $1.5 billion of bonds as oil drops

Thursday, January 22, 2015

Colombia sold 30-year dollar-denominated bonds to help fund its 2015 budget, in the third sovereign offering this year in Latin America.

The Andean country sold $1.5 billion of securities due in 2045 to yield 5.06 percent, or 2.625 percentage points above similar-maturity U.S. Treasuries. JPMorgan Chase & Co. and Morgan Stanley managed the sale.

Source: Bloomberg