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Colombian state development agency Findeter has sold 339bn pesos (US$180mn) in bonds through a Dutch auction held at the Colombian stock exchange, BVC.
The initial offer of 250bn pesos was 1.73 times oversubscribed by investors, Findeter said in a press release.
Proceeds from the issuance will be used to finance infrastructure projects across the country under the national development plan (PND).
Funds will also go towards projects associated with the recently ratified free trade agreement between Colombia and the US.