Monday Mar 3
Bancolombia share offer draws strong interest, sets price
Colombia's biggest financial institution, Bancolombia, fixed a price of 24,200 pesos per share in a public offering that drew bids for almost three times the amount of stock offered, the bank said on Monday.
Credit Suisse Upgrades Bancolombia SA as Valuation Seems Attractive
In a report published Friday, Credit Suisse analyst Marcelo Telles upgraded the rating on Bancolombia SA from Neutral to Outperform, but lowered the price target from $69.00 to $61.00.
Fitch Downgrades Banistmo's Viability Rating to 'bbb-'; IDRs Unaffected
The bank's Issuer Default Ratings , Support Rating, and national ratings were unaffected as all are driven by the potential support that by Bancolombia and the spinoff of the bank's subsidiaries, which resulted in a sustained reduction on its size and lower income diversification.
Colombia credit cards market: Latest market analysis presented
BanColombia, exclusive issuer for American Express in Colombia, organised an exclusive pre-sale of Madonnas concert tickets for its customers which was a complete success.
Viva Aerobus postpones IPO amid tough markets
The Mexican low-cost airline held back on its listing, while Bancolombia is hoping for more success with its equity follow-on sale Mexican airline Viva Aerobus postponed its initial public offering on Tuesday, citing bad markets after struggling to get enthusiasm from investors.