#Colombia #Bogota #Tender Offer #Global Bonds

Conclusion of Colombia's Tender Offer

The Republic of Colombia has made an important financial move with the conclusion of its tender offer for its outstanding 4.500% Global Bonds maturing in 2026. Following an announcement on April 15, 2025, the government has successfully arranged to repurchase these bonds under specific conditions outlined in the Offer to Purchase. This tender offer has not only highlighted Colombia's strategic financial planning but also reinforced investor confidence in its economic management.

Details of the Tender Offer

The total maximum purchase amount set for the old bonds was U.S. $350,976,000. Colombia's decision to accept all validly tendered bonds, without the need for proration, demonstrates a solid commitment to manage its debt strategically. The bonds accepted include a significant portion of reinvestment tenders and a vast majority of simple tenders. Specifically, the breakdown includes:

• - Total Aggregate Principal Amount of Reinvestment Tenders Accepted: $27,879,000
• - Total Aggregate Principal Amount of Simple Tenders Accepted: $323,097,000

This structured offer encompassed full acceptance of the bonds, giving a clear signal to the markets that Colombia is in a stable position to manage its bond obligations efficiently.

Settlement Timeline and Procedures

The settlement of the Tender Offer is slated for April 23, 2025. Colombia has implemented specific procedures surrounding the timely delivery of old bonds, stressing the importance of adherence to this timeline. Failure to comply may lead to consequences, including the potential cancellation of tenders or a requirement for holders to deliver replacement bonds under normal brokerage practices.

They emphasized that they retain the right to accept or reject any part of the tender orders, which adds an element of discretion and control over the transactions.

Invitation for Participation

This offer encourages all interested holders to participate, with clear guidance provided to potential tenderers. Colombia has tasked Goldman Sachs & Co. LLC as the billing and delivering bank for this operation, showcasing a blend of local and international financial expertise in executing this tender. Interested parties can also access the Offer to Purchase and further communications through the designated information agent, D.F. King & Co., Inc., available for inquiries regarding participation in this significant financial maneuver.

Conclusion and Outlook

The successful execution of this tender offer marks a pivotal moment for the Republic of Colombia as it continues to build a robust economic framework. As the country engages in proactive debt management, confidence from investors and stakeholders is expected to solidify further. The transparency of the process, combined with the involvement of reputable financial institutions, sets a precedent for future financial engagements.

In light of these events, the Republic of Colombia positions itself strategically not only to manage its current obligations but also to enhance its credibility in the global financial arena, paving the way for future investment opportunities and economic growth.