trending Market Intelligence /marketintelligence/en/news-insights/trending/jpdlChwq5jP-fSgRYRlVDw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Citi Global Markets completes tender offer for Bancolombia notes

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


Citi Global Markets completes tender offer for Bancolombia notes

Citigroup Global Markets validly tendered about $490.5 million of the $750.0 million aggregate principal amount of its offer to purchase Bancolombia SA's 2020 and 2022 notes.

The offering from Citigroup Global Markets, which launched in late November, included the Colombian bank's outstanding 6.125% subordinated notes due 2020 and 5.125% subordinated notes due 2022.

As of the Dec. 23 expiry date, Citigroup Global Markets accepted for purchase an additional $47,000 in aggregate principal amount of notes due 2020 and about $4.5 million in aggregate principal amount of notes due 2022. The final settlement date for the additional notes is expected to be on Dec. 26.

Considering the results of the early tender deadline on Dec. 9 which included some $81.4 million worth of the 2020 notes and about $404.6 million of the 2022 notes for a total of about $486 million, about $81.4 million worth of the 2020 notes and about $409.1 million worth of the 2022 notes were validly tendered.

Citigroup Global Markets and J.P. Morgan Securities LLC were the dealer managers for the tender offer, while Global Bondholder Services Corporation served as the information and tender agent.

Citigroup Global Markets is expected to exchange the notes purchased on the early settlement date for a share in the proceeds of notes to be issued in a planned offering by Bancolombia.