Bancop S.A. has issued subordinated bonds in dollars, for an amount of USD. 5,000,000, for a term of 7 years, achieving a successful issuance and placement on May 6, 2021.
CADIEM Casa de Bolsa, through its Corporate Finance Department, was the placement agent for the issue.
The 100% of this issue was acquired by BIO (Belgian Investment Company for Developing Countries), an internationally recognized organization headquartered in Belgium.
Bancop S.A. obtained an improvement in its risk rating as of December 2020, going from Apy to a rating of A+py.
The funds obtained in this issuance will be used for operating capital, as well as to finance medium and long-term loans, generating an expansion of the Bank's financial services and strengthening the capital adequacy ratio.
Cadiem is very grateful to Bancop S.A. for their trust, said Elías Gelay, president of CADIEM.
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