Colombia's Banco Popular to sell $1.4 bln in bonds

BOGOTA, July 6 (Reuters) - Colombia's Banco Popular BPO.CN said on Monday it will sell $1.4 billion in peso-denominated bonds, taking advantage of high liquidity in local markets.

The privately owned bank issued a statement announcing the planned bond sales. The statement did not say over what period of time the debt would be offered or what the bank plans to do with the proceeds.

Banco Popular has $5.1 billion in assets and is controlled by Colombian tycoon Luis Carlos Sarmiento. (Reporting by Javier Mozzo, writing by Hugh Bronstein; Editing by Dan Grebler)