Bancolombia Extends Early Tender

Bancolombia Extends Early Tender

Colombia Bonds

Bancolombia has extended the early deadline on a tender offer for its 2017 bonds until the October 5 full expiration date, it says. Earlier this month, the bank launched the exchange offer targeting the $400m outstanding in the 6.875% 2017 subordinated bonds, aiming to replace them with new 5.125% 2022 subordinated bonds, fungible with the notes it sold for cash in a recent $1.2bn offering. The lender is offering holders the new bonds at a rate of $1,135 per $1,000 principal amount, and says hol

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