A group of investment banks, including Goldman Sachs & Co. LLC, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., and J.P. Morgan Securities plc, completed their tender offer for a selection of Republic of Colombia global bonds.
The offer covered twelve series of existing bonds with varying maturity dates ranging from 2027 to 2061. The tender offer concluded on September 3, 2025.
The total principal amount of bonds accepted for purchase reached $5,437,969,000. Each participating bank accepted a roughly equal portion of the total. Goldman Sachs accepted approximately $1,035,798,000 in bonds. Similarly, Banco Santander and Citigroup Global Markets accepted amounts in the same range.
The total purchase price, excluding accrued interest, was approximately $4,600,520,622.50. All validly tendered bonds were accepted; therefore, no proration was necessary.
Settlement of the tender offer is slated for September 8, 2025. Bondholders whose bonds were accepted will receive the purchase price plus accrued interest up to, but excluding, the settlement date.
Each purchasing bank is solely responsible for the payment of the bonds it accepted. There is no joint liability among the banks. Should any bank fail to fund its portion, the other banks will adjust the settlement accordingly without assuming the defaulted portion’s liability.
Details of the tender offer, including the full terms and conditions, are available on the Information Agent’s website or by contacting the Information Agent, Global Bondholder Services Corporation. Contact information for each of the purchasing banks was also provided in the announcement.
The announcement emphasized that it was not an offer to purchase or a solicitation to sell the bonds. The tender offer was conducted only in jurisdictions where it was legal, with participants required to confirm compliance with applicable laws and regulations. The Republic of Colombia will not be responsible for payments made by any of the purchasing banks. The announcement also included specific instructions regarding distribution within the European Economic Area and the United Kingdom, adhering to the relevant regulations and laws.
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