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SubscribeCuatrecasas, with Davivienda Corredores and Banco Itaú, has advised Bogotá City Hall—through the Finance Secretariat—on its first issuance of domestic public debt bonds for COP 510,361 million, under the new Issuance and Placement Program, with an approved global quota of COP 5.3 billion.
This transaction, managed by the Colombian Stock Exchange, marked the return of Bogotá Capital District to the country’s capital market after a four-year absence, strengthening its financing strategy and consolidating its presence as a reliable issuer for the local market.
Regarding the transaction, Natalia Arango, Finance partner at Cuatrecasas Bogotá, highlighted: “This issuance represents a milestone for Bogotá Capital District, consolidating its return to the local capital market under an Issuance and Placement Program. We are proud to have assisted the Finance Secretariat in a transaction that strengthens the financial management of our city and directly contributes to implementing strategic projects with social and urban impact for the capital.”
This transaction allows the Capital District to diversify its sources of financing for investment projects contemplated in the District Development Plan, which includes educational and social infrastructure initiatives, sustainable mobility, public space interventions, and other types of strategic projects. Also, this placement reaffirms the responsible management of the District’s public finances and the viability of its investment projects.
The Cuatrecasas advisory team was led by partners Natalia Arango and Manuel Quinche, in collaboration with lawyers Valentina Bocanegra and Mariana Vanegas (Finance); and Manuel Gómez, Felipe Bayona, and Carlos Méndez (Public Law).Don’t miss our content
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