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LatinNews Daily - 20 April 2021

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In brief: Colombia hails global bonds placement

* Colombia’s finance ministry has issued US$3bn in global bonds, including the country’s first 20-year bond in US dollars, in a process which attracted “high demand from international investors”, according to a ministerial statement. A US$2bn 11-year bond was issued at a coupon rate of 3.25% with a 3.356% rate of return, and a further US$1bn 20-year loan was issued at a 4.125% coupon rate with a 4.235% rate of return. The director of public credit at the national treasury, César Arias, said that the successful bond issue “demonstrates the solid support of national and foreign markets for Colombia’s commitment to stability in public finances, the sustainability of social programmes, and the strengthening of the fiscal rule”. The finance ministry said that the funds would be used to finance the 2021 national budget.