Colombia holds one-day tender for $2 billion 7 3/8% notes due 2019

By Susanna Moon

Chicago, Oct. 3 – The Republic of Colombia said it is tendering for its $2 billion of outstanding 7 3/8% notes due 2019 in a one-day offer on Wednesday with the purchase amount to be set later.

The tender offer is conditioned on pricing of an issue of new bonds, which is also expected to occur on Wednesday, according to an announcement.

The purchase price will be $1,021.25 for each $1,000 principal amount plus accrued interest.

The tender will end at noon ET for non-preferred tenders and at 3 p.m. ET for preferred tenders.

Settlement has been set for Oct. 10.

The information agent is D.F. King & Co., Inc. (877 896-3199 or dfking.com/Colombia). The dealer managers are Citigroup Global Markets Inc. (212 723-6106 or 800 558-3745), Credit Suisse Securities (USA) LLC (212 538-2147 or 800 820-1653) and J.P. Morgan Securities LLC (212 834-7279 or 866 846-2874).

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