By Christine Van Dusen
Atlanta, Jan. 11 - Colombia priced a $1.5 billion tap of its 6 1/8% notes due Jan. 18, 2041 (Baa3/BBB-/BBB-) at 117.738 to yield 3.014%, or Treasuries plus 195 basis points, according to a filing from the sovereign.
The notes priced in line with talk, which was set at the Treasuries plus 195 bps area.
HSBC and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered notes, which include a make-whole call at Treasuries plus 25 bps.
Proceeds will be used for liability management transactions and for 2012 budgetary expenditures.
The original issue totaled $1 billion and priced on Oct. 20, 2009.
| Issuer: | Colombia
|
| Amount: | $1.5 billion
|
| Maturity: | Jan. 18, 2041
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan
|
| Coupon: | 6 1/8%
|
| Price: | 117.738
|
| Yield: | 3.014%
|
| Spread: | Treasuries plus 195 bps
|
| Call features: | Make-whole call at Treasuries plus 25 bps
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 27
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | Treasuries plus 195 bps area
|
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