Gómez-Pinzón acts in World Bank TES issuance

Gómez-Pinzón has acted as advisor to the World Bank in the issuance, jointly with the Ministry of Finance, of $195 billion in local public debt class B Treasury Securities (TES).

This issuance was carried out with the objective of creating the first Colombian public debt fund in the country’s stock market.

The fund, structured by Global X ETFs in alliance with JPMorgan, is a global initiative to support the development of local bond markets, promote financial stability in emerging economies, increase competitiveness through financial services, and democratise access to capital markets with TES securities that can be purchased from COP $50,000.

GP’s team was led by partner Ricardo Fandiño De La Calle (pictured).