Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
BOGOTA, Aug 15 (Reuters) - Colombian investment holding company Grupo Argos will increase its tranche for potential bond releases by 850 billion pesos ($246.4 million), the company said on Thursday.
The increase will bring the total potential tranche of ordinary and commercial paper that could be released by the company to 2.35 trillion pesos, of which 1.35 trillion has already been issued, Argos said in a statement to Colombia's financial regulator.
Argos' subsidiaries include cement-maker Cementos Argos , energy company Celsia and infrastructure operator Odinsa.
Argos said on Tuesday its net profit increased 16% in the first half of the year to 265 billion pesos compared with the year-ago period.
($1 = 3,449.27 Colombian pesos) (Reporting by Nelson Bocanegra Writing by Julia Symmes Cobb Editing by Rosalba O'Brien)