Published on 1/29/2020 in the Prospect News Emerging Markets Daily.
New Issue: Colombia’s Grupo Aval prices $1 billion 4 3/8% notes due 2030
By Rebecca Melvin
New York, Jan. 29 – Grupo Aval Acciones y Valores SA priced $1 billion of 4 3/8% 10-year notes (Ba2//BBB) on Wednesday, according to a company news release.
Grupo Aval subsidiary Grupo Aval Ltd. was the issuer of the notes that priced under Rule 144A and Regulation S.
Grupo Aval is a banking group based in Bogota, Colombia.
| Issuer: | Grupo Aval Ltd.
|
| Obligor: | Grupo Aval Acciones y Valores SA
|
| Amount: | $1 billion
|
| Maturity: | Feb. 4, 2030
|
| Description: | Senior notes
|
| Coupon: | 4 3/8%
|
| Trade date: | Jan. 29
|
| Settlement date: | Feb. 4
|
| Ratings: | Moody's: Ba2
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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