Bancolombia (CIB) has released an update.
Bancolombia S.A. has successfully priced a public offering of $800 million in subordinated notes due in December 2034, with a yield of 8.625%. The notes, which will mature in ten and a half years and are subject to optional redemption after five years, are set to be issued on June 24, 2024, and the funds raised will be used to manage existing debt and for general corporate purposes. Major financial institutions including BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities are managing the offering.
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