Colombia to Exchange $11.15T in TES for Debt Reprofile; Next Swaps Oct 29, Nov 26

Colombia's public credit exchanges will reprofile $11.15 trillion in TES (local-currency debt) to extend maturities and ease near-term fiscal pressure. The next exchanges are scheduled for October 29 and November 26, indicating a continued liability-management operation. This signals fiscal stress and could affect investor sentiment toward Colombian assets.