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February 22, 2008 |
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BANCO DE BOGOTA: Issuing COP300 Billion in Bonds in 2008 Banco de Bogota said in a filing with Colombian financial regulator Superfinanciera that it will issue COP300 billion in bonds this year. Banco de Bogota told Business News Americas that it is lining up the issue. It will be informing the market of the bond terms and conditions once they are defined. Banco de Bogota also said that it will relaunch its corporate image this week. Headquartered in Santa Fe de Bogota, Colombia, Banco de Bogota -- http://www.bancodebogota.com -- is a private national bank involved in all activities associated with a commercial banking institution as regulated by Colombian law. On a national level, it also operates through subsidiaries: Corporacion Financiera Colombiana S.A., an investment bank; Almacenes Generales de Deposito "Almaviva S.A.", a products supply logistics company; Sociedad Fiduciaria Bogota "Fidubogota S.A." and Fiduciaria del Comercio "Fiducomercio S.A.", trust and portfolio investment companies; Leasing Bogot S.A., a leasing company; Valores Bogot S.A., a provider of brokerage services; and Fondos de Pensiones y Cesantias Porvenir, a pensions and suspensions administrator. The Bank operates 275 offices, five corporate service centers and a banking attention center. The company also has affiliates in Panama, Nassau, Miami, and New York. * * * On Oct. 18, 2007, Moody's said that Banco de Bogota's Ba3 long- term foreign currency deposit rating, with a positive outlook, is constrained by Colombia's foreign currency deposit ceiling. |
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