Bancolombia (CIB) has released an update.
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Bancolombia S.A. has successfully concluded the cash purchase offers for their outstanding 3.000% Senior Notes due 2025 and a portion of the 6.909% Subordinated Notes due 2027, with a notable percentage of these notes tendered by the expiration date. Holders of the notes who tendered by the deadline will receive a specified total consideration, plus accrued and unpaid interest. The tender offers were managed by major financial institutions, including BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities.
For further insights into CIB stock, check out TipRanks’ Stock Analysis page.
