# Colombia to substitute some planned dollar financing for $1.3 bln in bonds -sources | Financial Post

> Colombia plans to replace some of its 2020 dollar financing with about 5 trillion pesos ($1.28 billion) of local TES bonds, with auctions extended to November. The finance ministry is also considering an internal debt swap to pre-finance 2021 needs.

- Date: 2020-10-05 · published 2020-10-05T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/50922-colombia-to-substitute-some-planned-dollar-financing-for-1-3-bln-in-bonds
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

This is a sovereign debt financing decision with no direct link to grain, oilseed or meal supply and demand. Any effect on the peso would be minor for feed buyers.

## Read by commodity

- USDCOP: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombia-to-substitute-some-planned-dollar-financing-for-1-3-bln-in-bonds-sources-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.