Pimco Buys $2 Billion of Colombian Bonds Ahead of First-Round Election

1 articles · Updated · Bloomberg · Jun 18

Pimco funds made a net 6.7 trillion-peso purchase of Colombian local government bonds in May, a $2 billion bet placed before the first round of the presidential election.
The move positions the asset manager for a vote widely seen as capable of reshaping Colombia’s economic model, making the timing central to the trade.
Pimco has already been the biggest buyer of Colombian local debt in recent months and now holds about 30% of the $43 billion owned by foreign investors.