By Christine Van Dusen
Atlanta, July 12 - Colombia priced $500 million equivalent 7¾% global TES bonds due April 14, 2021 (expected ratings Ba1/BB+/BB+) at 107.424 to yield 6¾%, an informed market source said.
The bonds are denominated in pesos, but all payments will be made in U.S. dollars.
Bank of America Merrill Lynch and Deutsche Bank Securities were the bookrunners for the Securities and Exchange Commission-registered deal.
The notes are a re-tap of the $800 million equivalent 7¾% global TES bonds due 2021 and issued on April 14.
Proceeds will be used for general budgetary purposes, according to a 424B3 filing with the SEC.
| Issuer: | Colombia
|
| Amount: | $500 million equivalent
|
| Maturity: | April 14, 2021
|
| Description: | Global TES bonds
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities
|
| Coupon: | 7¾%
|
| Price: | 107.424
|
| Yield: | 6¾%
|
| Trade date: | July 12
|
| Settlement date: | July 26
|
| Expected ratings: | Moody's: Ba1
|
| Standard & Poor's: BB+
|
| Fitch: BB+
|
| Distribution: | Securities and Exchange Commission-registered
|
| Original issue: | $800 million equivalent bonds priced April 14
|
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