By Christine Van Dusen
Atlanta, Oct. 21 – The Republic of Colombia priced a combined $1 billion in a tap of its 4% notes due Feb. 26, 2024 and 5 5/8% notes due Feb. 26, 2044 on Tuesday, a market source said.
The deal included $500 million 4% notes due 2024 that came to the market at Treasuries plus 145 basis points and $500 million 5 5/8% notes due 2044 that came to the market at Treasuries plus 185 bps.
Citigroup Global Markets Inc. and Goldman Sachs & Co. are the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general budgetary purposes.
Other details on the new issues were not immediately available on Tuesday.
The original $1.6 billion of the 2024 notes was issued on Sept. 26, 2013.
The original $2 billion of the 2044 notes was issued on Jan. 28, 2014.
| Issuer: | Republic of Colombia
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co.
|
| Trade date: | Oct. 21
|
| Distribution: | Securities and Exchange Commission registered
|
|
|
| Notes due 2024
|
| Amount: | $500 million
|
| Maturity: | Feb. 26, 2024
|
| Coupon: | 4%
|
| Spread: | Treasuries plus 145 bps
|
| Original issue: | $1.6 billion issued on Sept. 26, 2013
|
|
|
| Notes due 2044
|
| Amount: | $500 million
|
| Maturity: | Feb. 26, 2044
|
| Coupon: | 5 5/8%
|
| Spread: | Treasuries plus 185 bps
|
| Original issue: | $2 billion issued on Jan. 28, 2014
|
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