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Central Bank of Colombia pays the Government $ 938.2 million in profits with public debt securities

BOGOTÁ, Mar 31 (Reuters) – The Central Bank of Colombia delivered to the National Government TES internal public debt securities for 3.5 trillion pesos (938.2 million dollars) as part of the profits generated by the agency last year the issuer reported Wednesday.

The bank had planned to distribute to the Government a total of 6.62 trillion pesos (1,773 million dollars) corresponding to the profits of 2020.

The transaction was carried out “at the request of the Ministry of Finance and Public Credit, which seeks to optimize the management of the resources and obligations of the Nation,” the Central Bank said in a statement, without offering further explanations.

The law empowers the monetary authority to make the payment of the profits of the previous year in cash or with public debt securities.

TES are the second source of internal financing for public spending, after tax collection.

(1 dollar = 3,736.91 pesos)

(Report by Nelson Bocanegra. Edited by Luis Jaime Acosta)

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