MEDELLIN, Colombia, Aug. 21 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") successfully completed the issuance and offering of Bonos Ordinarios Bancolombia (the "Bancolombia Ordinary Notes") for an aggregate principal amount of six hundred billion pesos (Ps. 600,000,000,000). This issuance and offering is the second of multiple and successive issuances of global Bancolombia Ordinary Notes which are limited to an aggregate principal amount of one trillion five hundred billion pesos (Ps. 1,500,000,000,000). Bancolombia offered the Bancolombia Ordinary Notes with an aggregate principal amount of four hundred billion pesos (Ps. 400,000,000,000) and up to six hundred billion pesos (Ps. 600,000,000,000) if the over-allotment option was exercised. The over-allotment option was fully exercised. The subscription for today's offering was for one trillion six hundred and forty two billion pesos (Ps. 1,642,057,000,000) equivalent to 4.1 times the size of the offering.
The Ordinary Notes are issued in registered form (a la orden) and negotiable in the secondary market and have the following terms:
SERIES AGGREGATE MATURITY COUPON RATE
PRINCIPAL AMOUNT
(Ps. Millions)
A18 47,301 18 months 11.74% E.A.
A10 64,100 10 years 12.59% E.A.
B18 105,043 18 months DTF + 2.24% T.A.
B3 110,375 3 years DTF + 2.55% T.A.
B5 65,541 5 years DTF + 2.69% T.A.
C5 143,210 5 years IPC + 6.15% E.A.
C10 64,430 10 years IPC + 6.39% E.A.
The proceeds from the offering will be used for general corporate purposes of Bancolombia, including all the business and operational transactions available to banking institutions in accordance with the terms and requirements established by applicable law.
The lead coordinator and lead book-running manager for the transaction was Banca de Inversion Bancolombia S.A. Corporacion Financiera. Valores Bancolombia S.A., Correval S.A. y Serfinco S.A. also participated in the transaction as book-running managers. In addition, the treasury of Bancolombia S.A. acted directly as book-running manager of part of the offering.
The Bancolombia Ordinary Notes were rated AAA by Duff & Phelps of Colombia.
SOURCE Bancolombia S.A.
For further information: Sergio Restrepo, Executive VP, +574-5108668, Jaime A. Velasquez, Financial VP, +574-510-8666, or Juan Esteban Toro, IR Manager, +574-510-8866, all of Bancolombia S.A.
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