Colombia starts brief capped tender offer for three global bonds

Chicago, Nov. 28 – Colombia started a tender offer, with a maximum purchase amount to be later determined, for three of its global bonds, according to multiple press releases on Monday.

The tender offer is related to an offering of new notes, also announced on Monday.

The tender period runs from 8:30 a.m. ET on Monday to 12:30 p.m. ET on Monday for simple tenders and an extra two hours for reinvestment tenders.

Colombia is offering to buy from the following old bonds, with a par of $1,000 value:

• $1 billion outstanding 2 5/8% global bonds due 2023 (Cusip: P3772NHK1) for $994.50 per note;

• $1,566,262,000 outstanding 4% global bonds due 2024 (Cusip: 195325BQ7) for $976.00 per note; and

• $1 billion outstanding 8 1/8% global bonds due 2024 (Cusip: 195325BD6) for $1,028.50 per note.

Tenders may be subject to proration.

Settlement is expected to occur on Dec. 5.

The dealer managers for the tender offer are HSBC Securities (USA) Inc. (888 HSBC-4LM, LMAmericas@us.hsbc.com), Santander Investment Securities Inc. (212 940-1442, 855 404-3636) and Scotia Capital (USA) Inc. (212 225-5501, 800 372-3930, LM@scotiabank.com).

HSBC is the billing and delivering bank for the tender offer.

D.F. King & Co., Inc. is the information agent (877 896-3199, colombia@dfking.com, www.dfking.com/colombia).

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