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Colombia to accept $532.98 million of bonds tendered from two series
By William Gullotti
Buffalo, N.Y., Jan. 25 – Colombia released the final results of its one-day tender offer for its outstanding $1,185,133,000 4% global bonds due 2024 (Cusip: 195325BQ7) and $781.828 million 8 1/8% global bonds due 2024 (Cusip: 195325BD6), according to a press release on Wednesday.
The tender offer was related to an offering of new notes. Existing noteholders were able to tender their old notes for new notes, as reinvestment tenders.
The tender period ran from 8:30 a.m. ET on Jan. 24 and expired at 1 p.m. ET on the same day.
Colombia is accepting all of the tendered notes, detailed as the following:
• $398,257,545 accepted from $236,776,000 reinvestment tenders and $164.289 million simple tenders for the $1,185,133,000 outstanding 4% global bonds due 2024 (Cusip: 195325BQ7) for $993.00 per note; and
• $137,323,515 accepted from the $108.764 million reinvestment tenders and $23.151 million simple tenders for the $781.828 million outstanding 8 1/8% global bonds due 2024 (Cusip: 195325BD6) for $1,041 per note.
Holders will also receive any accrued interest to but excluding the settlement date.
Settlement remains scheduled to occur on Jan. 30.
Holders will not be able to submit tenders through Euroclear Bank SA/NV, Clearstream Banking, SA or the Depository Trust Co. system.
J.P. Morgan Securities LLC, as billing and delivering bank for the tender offer, will consolidate all tender orders and accept bonds for purchase on behalf of Colombia.
The dealer managers are BBVA Securities Inc. (attn.: liability management, 212 728-2446 or 800 422-8692), Itau BBA USA Securities, Inc. (attn.: debt capital markets; 212 710-6749 or 888 770-4828) and J.P. Morgan Securities LLC (attn.: Latin America debt capital markets; 212 834-7279 or 866 846-2874).
D.F. King & Co., Inc., (866 342-4884) is the information agent.
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