Findeter places 300,000 million pesos in bonds

Findeter, the territorial development bank of Colombia and part of Grupo Bicentenario, has successfully placed 300,000 million pesos in ordinary bonds through the Bolsa de Valores de Colombia (bvc). The issuance saw significant investor interest, with bids totaling 569,984 million pesos, approximately 1.9 times the amount offered.

The bonds were issued in three series: a three-year series with a fixed annual effective rate of 13.28%, a five-year series at IPC plus 6.78%, and a ten-year series at IPC plus 6.72%. The placement was supported by Itaú Comisionista de Bolsa, Valores Bancolombia, and Credicorp Capital Colombia.

Findeter President María Paula Tejada Bustos stated that the resources will support regional investment and development. The funds are intended to finance infrastructure, public services, mobility, urban development, education, health, and sanitation projects to boost productivity and sustainable development across Colombian territories.