The Republic of Colombia closed a $3.6 billion SEC-registered offering of global bonds, consisting of its 7.75% bonds due 2036 and 8.375% bonds due 2054. The bonds are listed on the Luxembourg Stock Exchange and admitted for trading on its Euro MTF Market and on the London Stock Exchange.
Concurrently with the offering, Colombia completed a one-day cash tender offer for certain of its outstanding bonds.
S&C, which acts as regular underwriters’ counsel in offerings by Colombia, represented Citigroup Global Markets, Itau BBA USA Securities and SMBC Nikko Securities America as joint lead underwriters and joint dealer managers.
The S&C team for the transaction included Chris Mann, Alan Fishman, Renata Mascarenhas and Andrea González Morales. Jeff Hochberg and Michael Orchowski advised on tax matters. Kirsten Rodger advised on U.K./EEA matters.