Colombia’s $6 Billion Bond Sale: A Confidence Signal With A 13% Price Tag

Key Points Colombia privately sold COP 23 trillion (about $6 billion) of TES bonds to one foreign investor, a record direct placement. The reported average yield was about 13.15%, spanning maturities in 2029, 2033, 2035 and 2040. When the state borrows at 13%, private credit often tightens, and currency risk can rise. Colombia raised COP […]