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LatinNews Daily - 18 October 2022

In brief: Colombia says no more TES bonds to be issued for rest of 2022

*Colombia’s finance ministry has said that it will not issue any more domestic treasury bonds (TES) via auctions for the remainder of 2022 due to having sufficient funds. According to a finance ministry press release, as a result of a “responsible public spending policy”, Col$33trn (US$7.13bn) so far raised is sufficient to address cash needs. According to the same source, this amount represents “90% of [the Col$37.5trn] which was expected to be raised from the local public debt market at the start of the year.” The finance ministry, which also adds that tax take has been “favourable”, notes that this will help “consolidate less expensive public debt”.

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