Bancolombia Issues $800M Subordinated Notes
Company Announcements

Bancolombia Issues $800M Subordinated Notes

Bancolombia (CIB) has released an update.

Bancolombia S.A., a major Colombian banking institution, has entered into an underwriting agreement to issue $800 million in 8.625% Subordinated Notes due in 2034, collaborating with top financial firms BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities. The offering, which will not be publicly available in Colombia, is part of a registration statement that falls under the Securities Act of 1933. The Notes, priced at 99.620% of their principal amount, will be delivered through The Depository Trust Company against a cash payment.

For further insights into CIB stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBancolombia’s Strong Q3 Results and Digital Growth
Carrie WilliamsBancolombia SA (CIB) Q3 Earnings Cheat Sheet
TipRanks Auto-Generated NewsdeskBancolombia Authorizes Director’s Share Settlement Plan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App