Bancolombia (CIB) has released an update.
Bancolombia S.A. has announced its commitment to purchase all tendered and not validly withdrawn 3.000% Senior Notes due 2025 and 6.909% Subordinated Notes due 2027, with payments expected on the Early Settlement Date of June 24, 2024, and the Final Settlement Date of July 8, 2024. The bank specified payment terms and conditions in the Offer to Purchase, including the calculation of the Total Consideration based on fixed spread plus the yield of U.S. Treasury Securities. The offer, which is managed by major financial institutions, will expire on July 2, 2024, and excludes the option to withdraw tenders post the Early Tender Date.
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