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Bond Market News
Colombia in Talks for Swiss Franc Loans to Cut Debt Costs
July 4, 2025
Colombian government is in talks with at least 8 international banks to secure up to $10bn equivalent in Swiss francs to buyback relatively expensive peso and dollar-denominated bonds. The new franc loan would carry lower interest rate but expose Colombia to exchange rate fluctuations. Officials hope to lower interest payments, from 4.7% to 4.5% of GDP. This initiative follows the suspension of Colombia’s fiscal rule for three years, which aimed to avoid painful spending cuts. Colombia also plans to tap international markets once this year and twice in 2026, aiming to raise approximately €5bn.
Colombia’s USD 3% 2030s are up by 0.2 points, trading at 87 cents to the dollar and yielding 6.34%.
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