Bancolombia (CIB) has released an update.
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.
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