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Colombia's Grupo Aval to issue $132.9 mln in bonds
June 27, 2017 / 8:38 PM / a month ago

Colombia's Grupo Aval to issue $132.9 mln in bonds

1 Min Read

BOGOTA, June 27 (Reuters) - Grupo Aval, Colombia's largest holding company, will issue 400 billion pesos ($132.9 million) in local bonds on Wednesday, the company said.

The paper will come due in three years with a maximum yield of inflation plus 3.10 percent and in 25 years with a yield of inflation plus 4.40 percent.

Money raised from the bonds will go toward working capital, among other expenses, Grupo Aval said in a statement to the financial regulator on Tuesday.

($1 = 3,010.68 Colombian pesos)

Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Steve Orlofsky

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