Grupo de Inversiones Suramericana sets final talk for $540 million 10-year notes at 5¾% area

By Christine Van Dusen

Atlanta, April 26 – Colombia’s Grupo de Inversiones Suramericana SA set final talk in the 5¾% area for a $540 million offering of 10-year notes, a market source said.

The notes were initially talked at a yield in the 6% area.

BofA Merrill Lynch and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

The notes will be issued via Gruposura Finance and guaranteed by Grupo de Inversiones Suramericana.

The proceeds will be used to pay existing bank debt and for general corporate purposes.

The issuer is an investment company based in Medellin.

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