14-07-2025
World's Biggest Sovereign Fund Buys Up Downgraded Colombia Debt
The world's top sovereign wealth fund was a major buyer of Colombian local bonds in June, the month the country got hit by two credit downgrades and fallout from a suspension of fiscal spending limits.
Norway's central bank, which manages nearly $2 trillion in assets, bought about $420 million of Colombia's local peso bonds, or TES, last month, according to data from Colombia's Comptroller's Office. The Norwegian fund alone has been responsible for half of all net purchases by foreign bondholders in the first half of the year.
