Banco de Bogota gives final results of tender offer for 4 3/8% notes

By William Gullotti

Buffalo, N.Y., April 20 – Banco de Bogota SA announced the final tender results of its March 22 offer to purchase up to $300 million of the outstanding $600 million principal amount of its 4 3/8% senior notes due 2027 (Cusips: 059514AE9, P09252AM2), according to a press release on Wednesday.

As of 11:59 p.m. ET on April 19, an aggregate of $128,102,000, or about 21.35%, of the outstanding notes were validly tendered. The total reflects an additional $8,395,000 of notes validly tendered and not validly withdrawn after the April 4 early deadline.

As previously reported, $119,707,000, or about 19.95%, of the outstanding notes were tendered by the early deadline.

The company will pay a total consideration of $960 per $1,000 principal amount plus accrued interest, regardless of early/late tender status.

As previously reported, holders will also receive additional amounts such that the purchase price and accrued interest received after withholding tax will be equal to the amount that would have been due had there been no withholding tax.

Final settlement is expected on April 21.

The dealer managers are BofA Securities, Inc. (646 855-8988 or 888 292-0070) and J.P. Morgan Securities LLC (212 834-7279 or 866 846-2874).

Global Bondholder Services Corp. (212 430-3774, https://www.gbsc-usa.com/bogota) is the information and tender agent.

The commercial bank is based in Bogota, Colombia.

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