Colombian bank Banco de Bogota places bonds worth $123.5 million

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BOGOTA, July 25 (Reuters) - Colombias Banco de Bogota , the countrys second largest bank by assets, on Thursday placed ordinary bonds worth 500 billion pesos ($123.5 million), on the local market, in an oversubscribed offer, the financial regulator said in a statement.The bond placing saw more than double the demand that was issued.The bank, controlled by business magnate Luis Carlos Sarmiento, issued paper with a term of 10 quarters at a fixed rate of 10.45%, as well as paper for 16 quarters at a yield of 10.38%.The banks bond offer saw demand for 1.14 trillion pesos, the statement said.

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