AND THE NEXT IS BANCOLOMBIA…

AND THE NEXT IS BANCOLOMBIA…

The Board of Directors of the largest financial serivces company in Colombia, approved yesterday a quota for a possible bond issue.

The total quota approved was 3 billion COP$ and the idea is to have this resource as back up for using it according as the market opportunities, the resources needs and the administration of balance structure. This was included in the report that the company send to the Finance Superintendence in order to finish the legal proceedings for them to issue and place in the public market these bonds.

At the time all we know is that will be ordinary bonds but, it is not set the interest rate or the period within which the bonds would be placed.