Bonds

Local issuers

  • Issuer: Grupo de Inversiones Suramericana S.A
  • Rating: AAA (stable) Fitch
  • Global limit: COP 1.3 billion

On May 16, 2014 our company offered the market ordinary bonds to be placed in 4 series, for a total of 600,000 million, with the possibility of over assigning up to COP 750,000 million.

Series Amount Demanded Amount Assigned Cutoff Rate
E2 625,093,000,000 223,361,000,000 In a + 1.20%
D5 328,383,000,000 103,278,000,000 CPI + 3.24%
D9 471,200,000,000 223,361,000,000 CPI + 3.80%
D16 586,848,000,000 100,000,000,000 CPI + 4.15%
TOTALS 2,011,524,000,000 650,000,000,000  
*The demand for the bonds was 3.4 times greater than the amount offered.

On February 22, 2017, the Company offered the market ordinary bonds to be placed in 3 series for a maximum amount of COP ​550,​000 million.

Series Amount Demanded Amount Assigned Cutoff Rate
A5 475,199,000,000 193,549,000,000 7.21%
C7 323,319,000,000 165,515,000,000 CPI + 3.19%
C12 511,026,000,000 190,936,000,000 CPI + 3.58%
TOTALS 1,309,544,000,000 550,000,000,000  
*The demand for the bonds was 2.4 times greater than the amount offered.​​​​​​

On July 30, 2009 the company’s Board of Directors approved an issue of ordinary bonds for up to COP 250,000 million.

On November 25, 2009, the company offered the market ordinary bonds, to be placed in 3 series, for a maximum amount of COP ​250,​000 million.

Series Amount Demanded Amount Assigned Cutoff Rate
C10 444,560,000,000 54,500,000,000 CPI + 4.40%
C20 473,851,000,000​​ 98,000,000,000 CPI + 5.90%
C40 405,300,000,000 97,500,000,000 CPI + 6.98%​
TOTALS 1,323,711,000,000 250,000,000,000 CPI + 5.99%
*The demand for the bonds was 5.3 times greater than the amount offered. For the first time in the Colombian market, ordinary bonds were placed with maturities of up to 40 years.

International issuers

  • Issuer: Gruposura Finance
  • Guarantor: Grupo de Inversiones Suramericana S.A.
  • Rating: Fitch BBB (stable) / ​S&P BBB (O negative outlook)
  • Format: 144-A / Reg S

Year: 2016

On April 26, 2016, through our affiliate Gruposura Finance, we successfully placed ordinary bonds for USD550 million in the international capital market, with a 10-year maturity. That issue is totally guaranteed by us as the parent company.

Terms of The Issue
Nominal amount in dollars: USD 550 million Coupon payment frequency: every 6 months
Fulfillment date: April 29, 2016 Day count: 30/360
Maturity date: April 29, 2026 Yield: 5.65%
Coupon: 5.5​0% per annum Price: 98.866%
  Applicable law: New York
  Securities depository: DTC
  Listing: Luxembourg

The coupon and the yield were 5.50% and 5.65%, respectively.

*The demand for the bonds was 5.3 times the amount offered.

Year: 2011

On May 11, 2011, our affiliate Gruposura Finance successfully placed ordinary bonds for USD 300 million in the international capital market, with a 10-year maturity. That issue is totally guaranteed by Grupo de Inversiones Suramericana, as the parent company.

Terms of The Issue
Nominal amount in dollars: USD 300 million Coupon payment frequency: every 6 months
Fulfillment date: May 18, 2011 Day count: S/A 30/360
Maturity date: May 18, 2021 Yield: 5.786%
Coupon: 5.7​0% per annum Price: 99.354%
  Applicable law: New York
  Securities depository: DTC
  Listing: Luxembourg

The coupon was 5.70%, and the yield was 5.786%.
Offers were received in excess of USD 5.2 billion, surpassing the initially announced amount of USD 300 million.

*The demand for the bonds was 17.3 times greater than the amount offered.