Colombia to Offer Bonds in International Markets with Maturities Through 2056
The government of President Abelardo de la Espriella requested the issuance of global bonds from the U.S. Securities and Exchange Commission (SEC), with maturities in 2032, 2037, and 2056. The supplement to the offering prospectus sets out the characteristics of these external debt securities, the conditions for interest payments and early redemption mechanisms, as well […]
Colombia plans to issue global bonds through international markets with maturities ranging from 2032 to 2056. The government requested the issuance from the U.S. Securities and Exchange Commission (SEC). The bonds, which include five-year, ten-year, and thirty-year options, have interest rates of 7.10%, 7.70%, and between 8.15% and 8.25%, respectively.
The prospectus details the terms, including early redemption mechanisms and conditions for interest payments. The bonds will be classified as direct, general, unconditional, unsecured, and unsubordinated obligations of the Republic of Colombia, backed by its full faith and credit. They will rank equally among other external debt obligations of the country.
Colombia has the option to buy back the bonds, in whole or in part, before maturity, with a 10 to 60-day notice provided beforehand. The bonds will be issued in US$200,000 denominations, with additional multiples of US$1,000. The Ministry of Finance stated that the bonds will mature in 2056 and will be denominated in US$200,000 increments.
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