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”.

End of preview - This article contains approximately 112 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.