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Colombia’s Grupo de Inversiones Suramericana talks $540 million 10-year notes at 6% area yield
By Christine Van Dusen
Atlanta, April 26 – Colombia’s Grupo de Inversiones Suramericana SA set initial talk in the 6% area for a $540 million offering of 10-year notes, a market source said.
BofA Merrill Lynch and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.
The notes will be issued via Gruposura Finance and guaranteed by Grupo de Inversiones Suramericana.
The proceeds will be used to pay existing bank debt and for general corporate purposes.
The issuer is an investment company based in Medellin.
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