Bancolombia S.A. Accepts to Purchase All Tendered and Not Validly Withdrawn Offers of Bancolombia S.A.'s Outstanding 3.000% Senior Notes Due 2025 and 6.909% Subordinated Notes Due 2027
Today, the Bank announced the Reference Yield and Total Consideration for the 2025 Offer upon the terms and subject to the conditions set forth in the Offer to Purchase. Holders of 2025 Notes validly tendered at or prior to
The table below summarizes certain payment terms of the Offers.
2025 Offer
D escription of Notes |
CUS
IP/ |
Outstanding |
Reference |
Bloomberg Reference page |
Reference Yield |
Fixed Spread (basis points)(1) |
Early Tender Payment(2)(3) |
Total Consideration(1)(2)(4) |
3.000% Senior Notes due 2025 |
05968L AM4/ US05968LAM46 |
|
1.375% UST due |
FIT3 |
5.329 % |
T+0 |
US$ 50 |
|
___________________ |
|
(1) |
The Total Consideration payable per each |
(2) |
Per |
(3) |
The Early Tender Payment will be payable to holders who validly tendered 2025 Notes on or prior to the Early Tender Date whose notes are accepted for purchase. |
(4) |
Excludes accrued interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable. |
2027 Offer
D escription of Notes |
CUS
IP/ |
Outstanding |
Maximum Tender Amount |
Tender Offer Consideration(1)(2) |
Early Tender Payment(1)(3) |
Total Consideration(1)(2)(4) |
6.909% Subordinated Notes due 2027 |
05968L AK8 / US05968LAK89 |
U
.S. |
U .S.$ 400,000,000 |
U .S.$ 950 |
U .S.$ 50 |
U .S.$ 1,000 |
__________________ |
|
(1) |
Per U.S. |
(2) |
Excludes accrued interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable. |
(3) |
The Early Tender Payment will be payable to holders who validly tendered 2027 Notes on or prior to the Early Tender Date whose notes were accepted for purchase. |
(4) |
The Total Consideration is inclusive of the Early Tender Payment. |
The Offers will expire at
Persons with questions regarding the Offers should contact
Holders who would like copies of the Offer to Purchase may call the information and tender agent,
This press release is for informational purposes only and is not a recommendation, an offer to purchase, or a solicitation of an offer to sell with respect to any securities. The Offers are being made solely pursuant to the Offer to Purchase that is being distributed to the holders of Notes. The Offers are not being made to, nor will tenders be accepted from or on behalf of, holders of Notes in any jurisdiction in which the making of the Offers or the acceptance thereof would not comply with the laws of that jurisdiction. Further, this press release is not an offer to sell or the solicitation of an offer to buy any securities.
Forward-Looking Statements
This release and the Offer to Purchase contains statements which may constitute "forward-looking statements". These forward-looking statements are not based on historical facts, but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Words such as "anticipate," "believe," "estimate," "approximate," "expect," "may," "intend," "plan," "predict," "target," "forecast," "guideline," "should," "project" and similar words and expressions are intended to identify forward-looking statements. It is possible that our actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or revise any forward-looking statements after the date on which they are made in light of new information, future events and other factors.
About the Bank
Bancolombia S.A. is a full-service financial institution that offers a wide range of banking products and services to a diversified individual and corporate customer base of over 31 million customers .
SOURCE Bancolombia S.A.