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August 27, 2003

COLUMBIA: Bavaria to issue $500m in bonds

Bavaria, the leading brewer in Colombia, is to issue up to US$500m in bonds in Europe and the US, the company has said in a letter to the Securities Superintendency.

Bavaria, the leading brewer in Colombia, is to issue up to US$500m in bonds in Europe and the US, the company has said in a letter to the Securities Superintendency.

It is the company’s first foreign bond issue and will be registered in Luxembourg.

The money will be used to refinance old debt, Bavaria said.

The bonds will be offered exclusively to institutional investors, Bavaria said.

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