International Notes
- Issuer: Gruposura Finance
- May 11th, 2011 Gruposura Finance has successfully issued in the international capital market, senior unsecured bonds for USD 300 million, with a maturity of 10 years. This issuance was totally guaranteed by Grupo de Inversiones Suramericana acting as the Parent Company.
- The coupon was 5.70% and the return rate was 5.786%.
- Se recibieron ofertas por encima de los US$ 5.2 billones, superando el monto inicialmente anunciado de US$ 300 millones, con una sobredemanda de 17.3 veces.
- Bids were received over USD 5.2 billion, exceeding the amount originally announced of USD 300 million, with a bid-to-cover ratio of 17.3 times.
The terms of the issuance
| Issuer: Gruposura Finance |
Maturity structure: Bullet |
| Guarantor: Grupo de Inversiones Suramericana S.A. |
Coupon payment frequency: Semiannual |
| International Rating: BBB- (stable) Fitch / BBB- (stable) S&P |
Counting of days: S/A 30/360 |
| Format: 144-A / Reg S |
Return rate: 5.786% |
| Nominal amount in dollars: USD 300 million |
Price: 99.354% |
| Closing date: May 18th, 2011 |
Applicable law: New York |
| Expiration date: May 18th, 2021 |
Securities deposit: DTC |
| Coupon: 5.70% annual |
Securities deposit: Luxemburgo |
| Underwriters: BofA Merrill Lynch and JP Morgan |
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Notes
- Issuer: Grupo de Inversiones Suramericana de Inversiones S.A.
- July 30th, 2009,the Board of Directors of the company in its meeting today, authorized the issuance of medium and short-term straight bonds, up to COP 250,000 million.
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November 25th, the Company placed in the public securities market straight bonds in the amount of $250.000 million.
Offers were received in the amount of $1.323.711 million, and finally placed the following series and amounts:
| Serie |
Requested Amount |
Allocated Amount |
Indactor + spread |
| C10 |
444,560,000,000 |
54,500,000,000 |
IPC + 4,40% |
| C20 |
473,851,000,000 |
98,000,000,000 |
IPC + 5.90% |
| C40 |
405,300,000,000 |
97,500,000,000 |
IPC + 6.98% |
| Totales |
1,323,711,000,000 |
250,000,000,000 |
IPC + 5.99% |
- The demand for bonds was 5.3 times the amount offered.
- For the first time in the Colombian market, bonds were awarded ordinary time they reach 40 years.
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