Colombia Launches Tender Offer to Repurchase Global Bonds

Colombia announced it would repurchase some of its outstanding global bonds with cash, as it looks to revamp its financing strategy amid increasing concerns about the widening budget deficit. Some sovereign bonds leaped to a high for the year on the news.

The cash tender offer seeks to repurchase global notes maturing in 2030, 2031, 2032, 2041, 2042, 2044, 2045, 2049, 2051 and 2061, the government said in a statement. The offer is not conditioned upon any minimum participation in any of the series.