By Christine Van Dusen
Atlanta, April 16 – BBVA Colombia SA priced an upsized $400 million 4 7/8% notes due April 21, 2025 (expected ratings: Baa3//BBB) at 99.914 to yield 4.886%, or Treasuries plus 300 basis points, a market source said.
The notes were talked at a spread in the 325 bps area.
BBVA and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
The bank is based in Bogota, Colombia.
| Issuer: | BBVA Colombia SA
|
| Amount: | $400 million
|
| Maturity: | April 21, 2025
|
| Description: | Senior notes
|
| Bookrunners: | BBVA Securities, Morgan Stanley
|
| Coupon: | 4 7/8%
|
| Price: | 99.914
|
| Yield: | 4.886%
|
| Spread: | Treasuries plus 300 bps
|
| Trade date: | April 16
|
| Settlement date: | April 21
|
| Expected ratings: | Moody’s: Baa3
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 325 bps area
|
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