New Issue-Bancolombia sells $620 mln in notes

Mon Jul 19, 2010 5:10pm EDT

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  July 19 (Reuters) - Bancolombia SA (CIB.N) on Monday sold
$620 million of Tier 2 subordinated notes, said IFR, a Thomson
Reuters service.
  The size of the deal was increased from an originally
planned $600 million.
  Bank of America Merrill Lynch and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: BANCOLOMBIA SA
AMT $620 MLN      COUPON 6.125 PCT    MATURITY 7/26/2020 
TYPE TIER 2 NTS   ISS PRICE 98.418    FIRST PAY 1/26/2011
MOODY'S Baa3      YIELD 6.341 PCT     SETTLEMENT 7/26/2010
S&P N/A           SPREAD 337.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH BB-PLUS      MORE THAN TREAS    NON-CALLABLE       

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