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Prospect News home > News index > List of issuers G > Headlines for Grupo Aval Ltd. > News item
Published on 10/31/2016 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Colombia-based Grupo Aval to redeem all 5¼% notes due 2017 on Nov. 28

By Marisa Wong

Morgantown, W.Va., Oct. 31 – Grupo Aval Ltd. issued a notice of redemption for its 5¼% senior notes due 2017.

The company will redeem the outstanding notes in full on Nov. 28.

The redemption price will be the greater of (a) par and (b) the sum of the present values of the remaining scheduled payments of principal and premium, if any, and interest, discounted to the redemption date on a semiannual basis at the applicable Treasury rate plus 50 basis points. The company will also pay accrued interest.

Deutsche Bank Trust Co. Americas is the trustee.

Grupo Aval is a banking group based in Bogota, Colombia.


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