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Colombia's Gruposura Finance sets size of notes offering at $300 million, tenor at 10 years
By Christine Van Dusen
Atlanta, May 10 - Colombia's Gruposura Finance set the size for its planned issue of notes at $300 million and the tenor at 10 years, a market source said Tuesday.
Bank of America Merrill Lynch and JPMorgan are the bookrunners for the Rule 144A and Regulation S notes, which are guaranteed by Grupo de Inversiones Suramericana SA (Gruposura).
The notes include a change-of-control put at 101%.
Proceeds will be used for general corporate purposes.
The deal is expected to price on Thursday.
Gruposura is a Medellin, Colombia-based investment company.
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