More details have surfaced on one of Colombia's first palm oil-backed deals. Promotora de Proyectos Agroindustriales de Palma de Aceite (Propalma) has assigned a ten-year tenor to its Ps50 billion (US$17.5 million) securitization, according to sources familiar with the transaction.

Yet to be rated, Propalma's transaction is about as far along as a rival palm-oil backed bond structured by Commodities & Banca de Inversion (CBI) (see ASR 9/30, p. 28). Both deals aim to be the country's inaugural issue backed by palm assets.

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