BOGOTA May 20 Colombia's third-largest bank,
Davivienda, will issue $180 million in subordinated bonds on the
international market in the second half of the year, the
company's president told Reuters on Tuesday.
The issue replaces another series of similar value which
expired in January, Davivienda president Efrain
Forero said. The bank also will issue bonds locally.
"We will keep issuing to anchor operations we already have
underway, as much in the large growth in mortgages as in our
commercial and business portfolios," Forero said on the
sidelines of a conference.
On Thursday the bank issued 600 billion pesos ($312 million)
worth of bonds on the domestic market after receiving requests
for more than double that.
Davivienda, controlled by the Colombian conglomerate Grupo
Bolivar, is one of the most prolific issuers on the local market
and in recent years has been expanding operations across the
region, especially in Central America.
(1,921 pesos = $1)
(Reporting by Carlos Vargas Writing by Nelson Bocanegra and
Julia Symmes Cobb; Editing by James Dalgleish)