| Asia | Latin America | Emerging Europe | Western Europe | North America |
Best Sovereign bond deal
Republic of Colombia
Deal type: six-year global TES bond
Deal size: $375 million
Date: November 2004
Bookrunner: Citigroup
When Uruguay issued a global bond denominated in domestic currency at the end of 2003, markets weren’t sure what to make of it. They knew it was a good idea in theory – the holy grail of emerging market government is long-term domestic-currency financing. They just weren’t sure when or whether it would be repeated.
They got their answer in November 2004 when Colombia came with a blow-out six-year deal, denominated in Colombian pesos but settled in dollars.
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