Bancolombia issues bonds to repurchase debt

Bancolombia issues bonds to repurchase debt

Bonds Debt Capital Markets Fixed Income Colombia United States

Bancolombia sold $550 million in bonds on Tuesday after initially announcing a $500 million deal in a bid to retire debt maturing in 2020 and 2022, said a source involved in the transaction. The new 10-year notes with a non-call five-year feature sold at par to yield 4.625%, the source said. Earlier in the day, the bookrunners Citi and JPMorgan had put the guidance for the Tier 2 paper in the high 4% to 5% area. Bancolombia's existing 4.875% 2027 notes, with a resettable coupon in 2022, were tra

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