By Aaron Hochman-Zimmerman
New York, Sept. 27 - Bancolombia SA priced a 400 billion peso four-tranche note issue (Duff & Phelps, Colombia: AAA) from its 1.5 trillion peso program, according to a press release.
The deal was divided into four tranches.
An 18 month tranche of 140 billion pesos carried a coupon the country's 90-day fixed-term deposit rate plus 199 basis points.
A two-year tranche of 91 billion pesos carried a coupon of the country's 90-day fixed-term deposit rate plus 220 bps.
A five-year tranche of 107 billion pesos carried a coupon of the country's 90-day fixed-term deposit rate plus 268 bps.
Another five-year tranche of 62 billion pesos carried a coupon of Colombia's corporate tax rate plus 610 bps.
Banca de Inversion Bancolombia was the bookrunner for the deal.
Proceeds from the sale will be used for general corporate purposes.
Bancolombia is a Medellin, Colombia-based lender and savings bank.
| Issuer: | Bancolombia SA
|
| Issue: | Notes
|
| Amount: | 400 billion pesos
|
| Bookrunner: | Banca de Inversion Bancolombia
|
| Pricing date: | Sept. 26
|
| Rating: | Duff & Phelps of Colombia: AAA
|
|
|
| 18-month tranche
|
| Amount: | 140 billion pesos
|
| Maturity: | 18 months
|
| Coupon: | 90-day fixed-term deposit rate plus 199 bps
|
|
|
| Two-year tranche
|
| Amount: | 91 billion pesos
|
| Maturity: | Two years
|
| Coupon: | 90-day fixed-term deposit rate plus 220 bps
|
|
|
| Five-year tranche
|
| Amount: | 107 billion peso tranche
|
| Maturity: | Five years
|
| Coupon: | 90-day fixed-term deposit rate plus 268 bps
|
|
|
| Five-year tranche
|
| Amount: | 62 billion peso tranche
|
| Maturity: | Five years
|
| Coupon: | Corporate tax rate plus 610 bps
|
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