The following companies had unusual price changes in Bogota trading.
Stock symbols are in parentheses and prices are as of 4 p.m. New York time.
The IGBC Index rose 0.9 percent to 14,069.38 while the Colcap Index rose 1.1 percent to 1,671.32.
Bancolombia SA (BCOLO) , Colombia’s biggest bank, rose 1.7 percent to 28,800 pesos.
The company sold 800 billion pesos ($451 million) of bonds in an offering, as investor demand totaled 2 trillion pesos, the stock exchange said yesterday.
Cia. Colombiana de Inversiones SA (COLINV CB) rose 3.9 percent to 4,810 pesos.
The electricity holding company known as Colinversiones said first-half unconsolidated revenue rose 125 percent from a year ago to 175 billion pesos.
First-half net income was 134.6 billion pesos, according to a regulatory filing yesterday.
Grupo de Inversiones Suramericana SA (GRUPOSUR) rose 1.5 percent to 35,920 pesos.
The parent company of Colombia’s biggest bank said yesterday it is seeking to offer shares worth about $1.4 billion in Colombia and $700 million overseas in October, and has an additional $500 million available to help pay for the $3.9 billion purchase of Groep ING NV’s Latin American assets.
The details on how it will pay for the acquisition helped “calm” investors after shares fell yesterday when Standard & Poor’s Ratings Services said it may cut the company’s ratings to junk because of the planned ING purchase.
Fitch confirmed its ratings for Suramericana’s bonds and commercial paper today, according to a regulatory filing.
Stock symbols are in parentheses and prices are as of 4 p.m. New York time.
The IGBC Index rose 0.9 percent to 14,069.38 while the Colcap Index rose 1.1 percent to 1,671.32.
Bancolombia SA (BCOLO) , Colombia’s biggest bank, rose 1.7 percent to 28,800 pesos.
The company sold 800 billion pesos ($451 million) of bonds in an offering, as investor demand totaled 2 trillion pesos, the stock exchange said yesterday.
Cia. Colombiana de Inversiones SA (COLINV CB) rose 3.9 percent to 4,810 pesos.
The electricity holding company known as Colinversiones said first-half unconsolidated revenue rose 125 percent from a year ago to 175 billion pesos.
First-half net income was 134.6 billion pesos, according to a regulatory filing yesterday.
Grupo de Inversiones Suramericana SA (GRUPOSUR) rose 1.5 percent to 35,920 pesos.
The parent company of Colombia’s biggest bank said yesterday it is seeking to offer shares worth about $1.4 billion in Colombia and $700 million overseas in October, and has an additional $500 million available to help pay for the $3.9 billion purchase of Groep ING NV’s Latin American assets.
The details on how it will pay for the acquisition helped “calm” investors after shares fell yesterday when Standard & Poor’s Ratings Services said it may cut the company’s ratings to junk because of the planned ING purchase.
Fitch confirmed its ratings for Suramericana’s bonds and commercial paper today, according to a regulatory filing.
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