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Sick of treasuries, Colombian investors pile into the Cabana

A relatively recent addition to Colombia's domestic securitization pipeline launched on April 11, leapfrogging other commodity transactions mired in their own problems. Led by local brokerage Corfinsura, sugar refiner La Cabana priced a Ps40 billion (US$13.8 million) to a receptive audience, with a bid-to-offer ratio of three times. The...

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