Colombia’s ‘Cowboy’ Bond Chief Engineers Rally Loaded With Risks

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Colombia's public credit director, Javier Cuellar, has launched a complex $9 billion debt deal in multiple currencies, acknowledging the high level of risk involved, which he claims has no precedent in the country's history.

Market Impact

Market impact analysis based on bearish sentiment with 65% confidence.

Sentiment
Bearish
AI Confidence
65%

Article Context

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Javier Cuellar is making very large bets. He doesn’t shy from this. Upon launching a complex $9 billion debt deal in Swiss francs, dollars and pesos, Cuellar, Colombia’s public credit director, declared the risk he was taking was so great it had no precedent in the country’s history.

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Original article published by Bloomberg on November 6, 2025.
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