Colombia’s Banco de Bogota tenders for up to $300 million 4 3/8% notes

By Wendy Van Sickle

Columbus, Ohio, March 22 – Banco de Bogota SA began a cash tender offer to purchase up to $300 million of the outstanding $600 million principal amount of its 4 3/8% senior notes due 2027 (Cusips: 059514AE9/P09252AM2), according to a company announcement.

The company is offering a total consideration per $1,000 principal amount of $960, which includes a $30 early tender premium that will be paid only to holders who tender by the early deadline, 5 p.m. ET on April 4.

The early deadline is also the deadline to withdraw tenders.

Holders will also receive accrued interest and additional amounts such that the purchase price and accrued interest received after withholding tax will be equal to the amount that would have been due had there been no withholding tax.

The offer will expire at 11:59 p.m. ET on April 19.

If the $300 million maximum amount is exceeded, tenders will be subject to proration.

The dealer managers are BofA Securities, Inc., (646 855 8988 or 888 292 0070) and (212 834-7279 or 866 846-2874).

Global Bondholder Services Corp. (212 430-3774) is the information and tender agent.

The commercial bank is based in Bogota, Colombia.

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