Not overly surprised as its going to be new to Colombian banks I suppose so will take lots of DD to work it out and be comfortable with such funding. The longer it takes, the more worried I get that it won't happen. Either, at some point it would make more sense to put a few $m in a CR and just move on for now. Some small dilution now might suck but if deals are lined up to sign but need the capital, it'd be worth it longer term.
Ann: Annual Report, page-7
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