Pimco Leads Foreign Purchases of Colombia Debt Ahead of Vote

Overseas investors led by Pacific Investment Management Company are piling into Colombian local peso bonds ahead of presidential elections that may herald a radical change of government.

Funds managed by Pimco bought a net 5.4 trillion pesos ($1.5 billion) of Colombia’s local debt in February, consolidating their position as the largest foreign holder of the nation’s peso bonds.