Bancolombia books next bond deal

Bancolombia books next bond deal

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Rule 144a/ RegS Colombia Andean US

Bancolombia said it intends to issue new notes to fund the proposed buyback of all its 5.95% notes that come due in 2021. The Colombian lender has engaged Citi and JPMorgan to lead the bond sale "on terms satisfactory to the issuer," Bancolombia said in a statement. It also said that it has hired Citi to arrange the buyback. Bancolombia has offered to pay $1,053.50 for every $1,000 in principal in 2021 notes through the early deadline on January 22. After that, it has offered $1,023.50 for every

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