By Susanna Moon
Chicago, July 28 - Bancolombia SA said it issued COP 800 billion principal amount of bonds in the second offering of its planned sale of up to COP 2 trillion of bonds.
Bancolombia priced the bond issue in five tranches:
• COP 100.563 million of seven-year subseries D7 bonds at IPC plus 405 bps;
• COP 117.630 million of 10-year subseries D10 at IPC plus 425 bps;
• COP 248.030 million of 15-year subseries D15 at IPC plus 460 bps;
• COP 246.123 million of 18-month subseries E1.5 at IBR plus 158 bps; and
• COP 87.654 million of three-year subseries E3 at IBR plus 170 bps.
The demand for the offering was COP 2,032,856,000,000, amounting to 3.38 times the offering size, according to a press release by the Medellin, Colombia-based bank.
Bancolombia said on July 27 that it planned to issue COP 600 billion of the bonds with a possibility of upsizing the offering by COP 200 billion, for a total issue of up to COP 800 billion.
Bancolombia was the bookrunner, Banca de Inversion Bancolombia SA Corporacion Financiera was the structuring agent and lead manager, and Valores Bancolombia SA Comisionista de Bolsa, Bolsa y Renta SA Comisionista de Bolsa, Correval SA Comisionista de Bolsa, Serfinco SA Comisionista de Bolsa and Helm Comisionista de Bolsa SA were co-managers.
The second offering has been rated AAA(Col) by Fitch Ratings Colombia SA Sociedad Calificadora de Valores.
| Issuer: | Bancolombia SA
|
| Issue: | Notes
|
| Amount: | COP 800 billion
|
| Price: | Par of COP 1 million
|
| Managers: | Bancolombia (bookrunner), Banca de Inversion Bancolombia SA Corporacion Financiera (lead manager), and Valores Bancolombia SA Comisionista de Bolsa, Bolsa y Renta SA Comisionista de Bolsa, Correval SA Comisionista de Bolsa, Serfinco SA Comisionista de Bolsa and Helm Comisionista de Bolsa SA (co-managers)
|
| Settlement date: | July 28
|
| Ratings: | Fitch: AAA(Col)
|
|
|
| Subseries D7
|
| Amount: | COP 100.563 million
|
| Maturity: | Seven years
|
| Coupon: | IPC plus 405 bps
|
|
|
| Subseries D10
|
| Amount: | COP 117.630 million
|
| Maturity: | 10 years
|
| Coupon: | IPC plus 425 bps
|
|
|
| Subseries D15
|
| Amount: | COP 248.030 million
|
| Maturity: | 15 years
|
| Coupon: | IPC plus 460 bps
|
|
|
| Subseries E1.5
|
| Amount: | COP 246.123 million
|
| Maturity: | 18 months
|
| Coupon: | IBR plus 158 bps
|
|
|
| Subseries E3
|
| Amount: | COP 87.654 million
|
| Maturity: | Three years
|
| Coupon: | IBR plus 170 bps
|
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