Bancolombia plans roadshow for subordinated notes due 2020

By Christine Van Dusen

Atlanta, July 16 - Bancolombia is setting out on a roadshow for its planned issue of subordinated notes due 2020, which could total as much as $636 million, according to a market source.

Bank of America Merrill Lynch and JPMorgan are the bookrunners for the deal.

Proceeds will be used for strengthening capital structure, regulatory compliance and general corporate purposes.

Bancolombia is a Medellin, Colombia-based lender.

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