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On 21 March IFC launched a 225 billion Colombian peso (USD 99 million) 5-year "El Dorado" bond.

The issue, which was oversubscribed more than two times, was placed with some forty local investors, particularly local pension funds. BNP Paribas acted as the arranger for this transaction and Corfinsura (the largest local investment bank) was the placement agent.

BNP Paribas also arranged the corresponding USD/COP swap. This bond was the debut for bonds issued by international investors in the domestic Colombian peso market.

Moreover, it was IFC's first issue in a Latin American currency and the first domestic issue in Latin America by any supranational entity to be fully subscribed by local investors. It is also the longest COP/USD swap on record in Colombia.

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