Banco de Bogotá $600 million 4.375% senior notes issue

3/8/2017
Investment grade bond/note issue

$ 600 million

Announced

3/8/2017


Overview:

  • Banco de Bogotá has issued $600 million in senior notes.
  • The 4.375% senior notes are due 2027 and were listed on the Luxembourg exchange. The notes were issued pursuant to Rule 144A/Reg S.
  • Citigroup Global Markets, HSBC Securities (USA) and Merrill Lynch Pierce Fenner & Smith acted as initial purchasers.
  • The funds raised will be used primarily to finance loan repayments, according to Fitch Ratings.
  • Banco de Bogotá is the second largest bank in Colombia by market share of deposits. It is a subsidiary of Grupo Aval Acciones y Valores, Colombia’s largest banking group by total assets.
  • In 2016, Banco de Bogotá issued subordinated notes due 2016 valued at $1.1 billion.

Jordan Hughes – Journalist

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work
REGISTER NOW

Sign in