Colombia’s holding company, Grupo de Inversiones Suramericana (Gruposura), has sold dollar-denominated bonds worth $300 million, The Wall Street Journal reports. The notes carry a coupon rate of 5.786% and are due to mature in 2021.

The company intends to use the proceeds for international expansion plans. Gruposura Finance, a Gruposura subsidiary, led the bond sale and the bookrunners were Bank of America and JP Morgan Chase.

Click here for the story from The Wall Street Journal.