Bancolombia starts $370 million capped tender offer for 3% notes

Chicago, July 12 – Bancolombia SA started a tender offer to purchase up to $370 million of its $950 million outstanding 3% senior notes due 2025 (Cusip: 05968LAM4), according to a press release.

The bank is offering a total consideration of $963 per $1,000 note. The total consideration includes a $30 early tender payment that will only be paid to noteholders who tender by the 5 p.m. ET early deadline on July 25.

Accrued interest will also be paid.

Tenders may be subject to proration if the offer is oversubscribed.

The early deadline is also the withdrawal deadline.

The offer will expire at 5 p.m. ET on Aug. 9.

Early settlement is expected on Aug. 1. Final settlement is currently planned for Aug. 14.

J.P. Morgan Securities LLC is the dealer manager for the offer (866 846-2874, 212 834-7279).

Global Bondholder Services Corp. is the information and tender agent (212 430-3774, 855 654-2015, contact@gbsc-usa.com).

The lender is based in Medellin, Colombia.

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