Issuance volumes increased 12-fold in the first quarter compared with the same period a year ago to Ps2.4 trillion ($1 billion). The contrast is starker when comparing the number of deals: 11 in the first three months of this year compared with just one in the first quarter of 2008.
Many more deals are expected in the near future. “The local bond market is still good,” says Roberto Borras Polania, the Superintendente financiero de Colombia, the local regulator.
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