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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 9/11/2014 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Bancolombia redeems all $520 million notes due 2016 at 104.866

By Marisa Wong

Madison, Wis., Sept. 11 – Bancolombia SA said it completed the early redemption of its $520 million senior notes due 2016 on Wednesday.

The notes were redeemed at $1,048.66 per $1,000 face amount of notes.

As announced on Aug. 11, the redemption price is equal to the greater of par and the sum of the present values of each remaining scheduled payment of principal and interest discounted to the redemption date on a semiannual basis at the Treasury rate plus 35 basis points. Holders also received accrued interest to the redemption date.

The bank is based in Medellin, Colombia.


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