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Financiera de Desarrollo Nacional Empowers Modern Work with OpenText Solutions for SAP
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Colombian development bank issues $714 mln in new 10-year notes to replace debt it sold in 2016
BondsDebtCapital MarketsCorporate & Sovereign StrategyFixed IncomeColombia Colombian development bank Financiera de Desarrollo Nacional (FDN) said it issued COP2.5 trillion ($714 million) worth of 10-year hybrid bonds on Tuesday, replacing notes that it issued in 2016, according to a securities filing.
According to FDN, the new notes priced at the IPC consumer price index plus 3.17% with the funds raised counted as technical capital.
In October, FDN issued COP1 trillion in a four-part deal in the local market.
Grupo Bicentenario, a financial conglomerate owned by t
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What’s new? After years of political turmoil, elections for Venezuela’s National Assembly ended in a predictable victory for President Nicolás Maduro. Mainstream opposition parties boycotted the poll and, alongside the U.S. and Latin American and European countries, accuse the government of rigging the elections.
Why does it matter? Elimination of the opposition majority in parliament will greatly complicate efforts to resolve the standoff with the government. The boycott split the opposition, and dwindling support for its leader Juan Guaidó raises questions about who might face the government in future negotiations.
What should be done? The opposition should affirm that it backs a negotiated settlement, disavowing the government’s violent overthrow. To usher in talks, Maduro should release political prisoners and rein in the secret police, while the incoming U.S. administration should reconsider sanctions that cause humanitarian harm and seek multilateral solutions t