MEDELLIN, Colombia, Aug. 20 /PRNewswire-FirstCall/ -- Today, Bancolombia
S.A. ("Bancolombia") announced the issuance and offering of Bonos Ordinarios
Bancolombia (the "Bancolombia Ordinary Notes"). This issuance and offering is
the second of multiple and successive issuances of global Bancolombia Ordinary
Notes which are limited to an aggregate principal amount of one trillion five
hundred billion Colombian pesos (Ps. 1,500,000,000,000) (the "Second
Offering").
In the Second Offering, Bancolombia will issue and offer four hundred
thousand (400,000) Bancolombia Ordinary Notes with an aggregate principal
amount of four hundred billion pesos (Ps. 400,000,000,000), and up to six
hundred thousand (600,000) Bancolombia Ordinary Notes with an aggregate
principal amount of six hundred billion pesos (Ps. 600,000,000,000) if the
over-allotment option is exercised in full.
The announcement of the Second Offering was reported in exhibit no. 154 of
the Boletin Diario de la Bolsa de Valores de Colombia (the daily report of the
Colombian Stock Exchange).
Duff & Phelps de Colombia S.A. rated the Second Offering as AAA.