This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Colombia has launched its second global bond buyback offer during the calendar year. It plans to repurchase dollar bonds maturing between 2026 and 2054, including euro and global peso denominated notes. Public credit chief Javier Cuellar stated that their plan intends to retire over $4bn in global dollar bonds with coupons above 7% to decrease debt costs and enhance liquidity. The offer for its dollar bonds expires on November 19, whereas for its two non USD-bonds, the expiry date is on November 21.
This move is part of a wider effort to improve the nation’s finances amidst concerns over a widening budget deficit, which led the government to suspend borrowing limits and increase the 2026 primary deficit forecast. Analysts have noted that the buyback operation might help in reducing short-term refinancing risk. Colombia’s debt profile management plan has already included a $9.3bn total return swap in Swiss francs and other significant bond operations. Its first buyback this year occurred in August, where it repurchased $2.9bn in dollar bonds.
Colombia’s dollar bonds were trading stable, with its 5.625% 2044s at 83.5 cents on the dollar, yielding 7.3%.
For more details, click here


