$3 billion is a big number but, to be honest, I would expect them to have issued $4 billion. (An issue of) $3 billion does not make much of a benchmark paper.
At the end of the day, there was a net buyback of about $300 million. That should be positive but the problem is that the market had overreacted to the initial buyback announcement and rallied significantly. So what that means is that there is probably more downside for Colombia's debt.
They had to scrap the 2021 (bond sale) completely, likely due to the market being jittery on higher Treasury yields.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.