Columbia Sells $2B In Bonds

Colombia has raised $2 billion in a sale of 10-year dollar bonds overseas, Bloomberg reports. The government initially planned to sell $2.24 billion in foreign bonds in 2011.

The notes carry a coupon rate of 4.375%. Bank of America, Barclays and Citigroup were appointed to manage the transaction. Columbia, which received bids totaling $7.3 billion for the dollar securities, may not sell the outstanding $240 million.

Click here for the story from Bloomberg.