Colombia's New Bond Offering: Pricing and Tender Offer Details Announced
Colombia's New Bonds Offering: An Overview
On April 15, 2025, the Republic of Colombia announced significant financial movements in the realm of global bonds, revealing the pricing for its new securities. This update introduces two new bond classes: the 7.375% Global Bonds due in 2030 and the 8.500% Global Bonds due in 2035, collectively referred to as the "New Bonds."
Details of the Offering
The total amount planned for this offering is U.S. $3.8 billion, comprised of $1.9 billion for each bond class. This substantial funding initiative is not solely for raising capital but also involves a strategic move to manage existing debt obligations by using part of the proceeds to purchase approximately $350 million of Colombia’s currently outstanding 4.500% Global Bonds due in 2026, which are often classified as the