a day ago
Colombia Sees ‘Unprecedented' Swiss Franc Loans Easing Debt Cost
Colombia is seeking to borrow as much as $10 billion in Swiss francs to fund the repurchase of more expensive liabilities in a bid to rein in the nation's burgeoning debt service costs.
The government is in talks with at least eight major international banks to secure financing to buy back bonds denominated in Colombian pesos and US dollars, public credit director Javier Cuellar said. The loans would have a low interest rate, but increase the impact of exchange rate fluctuations.
