This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Colombian Dollar Bonds Drop on President’s Warning
May 27, 2024
Colombia’s dollar bonds were lower by over 1 point across the curve, after its President Gustavo Petro threatened to “cease payments” if congressional committees do not approve lifting the country’ debt ceiling. The Colombian congress is discussing a bill to increase the nation’s debt ceiling by $17.6bn. Gustavo Petro wrote in a post, “there will simply either be a ceasing of payments or I’ll have to declare an economic emergency. I won’t hesitate to do that”. However, there are doubts about which payments he would cease. The finance ministry said it was confident that the bill will be passed by June 20.
Colombia’s 7.5% 2034s were down 1.2 points to 99.6, yielding 7.6%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Colombia’s Dollar Bonds Near All-time Lows
October 10, 2022
Long-Dated Bonds of EM Sovereigns Drop Over 3%
November 18, 2022
Argentina Due to pay $730mn to the IMF as Uncertainty Looms
January 28, 2022
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.