4 days ago
Colombia's Corporate Debt Revival Cut Short by Fiscal Turmoil
A rebound in bond sales by Colombian companies last year proved short-lived, falling victim to President Gustavo Petro's determination to whack up fiscal spending in defiance of investor concerns.
Corporate bond sales dropped more than 70% through early July to the equivalent in pesos of about $122 million, according to data by the country's stock exchange. That is reminiscent of the post-pandemic slump of 2023.
