Colombia returns to euros after 15-year hiatus
Colombia returns to euros after 15-year hiatus
miércoles 16 de marzo de 2016 16:29 GYT
By Paul Kilby
NEW YORK, March 16 (IFR) - Colombia returned to the euro bond market for the first time in 15 years on Wednesday with a 1.35bn (US$1.50bn) 10-year issue that wrapped up its external funding needs for the year.
The South American country follows a string of sovereign peers - including Mexico, Peru and Chile - which have raised funding in Europe this year to lock in rock-bottom nominal coupons among yield-hungry investors.
The move comes just as the European Central Bank embarks on another round of monetary easing, including the monthly bond buying that could push European yields deeper into negative territory.
Against that backdrop, European insurance companies and other investors have taken a liking to emerging market debt as they scramble to hit yield targets.
More:
http://lta.reuters.com/article/idLTAL2N16O164?rpc=401