H&K represents BAN100 in $21m securities offering
Holland & Knight Colombia has represented BAN100, a financial institution in Colombia, in its successful public offering on the Colombian Stock Exchange (BVC), which raised 90 billion Colombian pesos (approximately USD 21 million).
The issue, which took place on 19 October, was registered in the National Registry of Securities and Issuers (RNVE) of the Financial Superintendency of Colombia (SFC). The securitisation received an AA+ rating from Fitch Ratings.
Based in Bogota, BAN100 plans to use the proceeds from the issue to continue the company’s growth and commitment to financial inclusion.
H&K’s team was led by partner Camilo Gantiva (pictured), with support from associates Juan Felipe Fontecha Mejía and Simón Escobar Gómez.