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.