The colombian companies are taking advantage of the turmoil that is hitting the international capital markets to get financial resources with a very low interest rate.
That is the primary reason why the companies of the country are running to reestructurate their debts portfolio from the short term with a higher interest rate to a long term with a lower interest rate. The strenght of the colombian economy, the health of its financial and banking sector and the growth of the internal consumption added to the sign of several FTAs is having a huge positive impact in the perception of the international investors which are betting in the country demanding bonds and shares of the national companies.
Another company that will be adding his name to the long list of companies which has been refinancing their debt portfolio or that has been looking for capital to strenght their business and expand in the region is the Colombina Group.
This company had a great performance in the first quarter of 2012 with a consolidate growth of 9% and an increase of 38% in their net income for the first quarter in comparison with the net income registered in the same period of 2011.
The bond issuing will be used in order to continue to grow their production capacity and to expand their business with new products and will try to reach new markets by taking advantage of the FTAs, not the FTA signed with the United States, but with the countries of Central America and others where they can be more competitive.
The idea is to issue 50.000 million COP$ and with the AAA qualification given by the agency Fitch Rating, the company is confident that the placement of this bonds will be a success among the investors all over the world.