BOND ISSUANCE OF LEASING BANCOLOMBIA

BOND ISSUANCE OF LEASING BANCOLOMBIA

The Leasing Company part of the Bancolombia holding will be issuing bonds and expecting to place bonds for 600.000 million COP$ in the primary market of the BVC (Spanish acronym for Colombian Stock Exchange).

The bond issuance will be of ordinary bonds and as part as the global quota approved for 2 billion COP$ by the Superintendence of Finance to the Holding Bancolombia, but is worth mentioned that Bancolombia currently issued 1.5 billion COP$.

The bonds will have four different maturities indexed with two different economical indicators. The first type will be issued at two years maturity with a yield of IBR (Spanish acronym for Banking Reference Indicator) plus 1.65%; the second type will have a maturity of 4 years and will be indexed at IPC (Spanish acronym for Consumer Price Index) plus 3.40%; in third place appears the bonds with 5 years maturity with a fixed income of 6%, and finally an 8 years maturity bond with a yield of CPI plus 3.65%.

According to a press release presented by Bolsa y Renta (which is one of the underwriters of the issuance) “Leasing Bancolombia SA issue ordinary bonds for 450.000 million COP$ expandable to 600.000 million COP$ expandable, rated AAA”.

Is worth mentioned that Leasing Bancolombia placed 600.000 million COP$ in bonds to different maturities in April of 2012.