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LatinNews Daily - 15 October 2021

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In brief: Colombia reopens US$1bn global bond

* Colombia’s finance ministry has reopened a global bond for US$1bn, with a 5.125% yield and due to mature in 2049. Of the US$1bn, US$600m would be used on spending outlined in the 2021 budget, and US$400m would be reserved for the 2022 budget. This is the first time that Colombia has placed bonds since being downgraded by the international credit ratings agencies Standard & Poor’s and Fitch Ratings earlier this year, and the level of interest in the bonds will provide a barometer for investor confidence in Colombia’s economic outlook.