Grupo SURA hereby announces that placed an issue of Ordinary Bonds for a total of one trillion Colombian pesos (COP 1,000,000,000,000). This latest issue of ordinary bonds form part of an Issuing and Placement Program for Ordinary Bonds and Commercial Papers carrying a global quota of two trillion three hundred billion Colombian pesos (COP 2,300,000,000,000).
The amount of bids received came to one trillion seven hundred and eighty-seven thousand twelve million pesos ($1,787,012,000,000), for a bid to cover ratio of 2.231.
The funds obtained from placing this Issue of Ordinary Bonds shall mainly be used to substitute Grupo SURA’s financial liabilities.
Pursuant to that stipulated in Paragraph 3.2 of Article 6.1.1.1.5 of Decree 2555 of 2010, we hereby provide details of the bonds thus placed as well as their amortization plan:
|
Series |
E3 |
C7 |
C12 |
C20 |
|
Term |
3 years |
7 years |
12 years |
20 years |
|
Indexed rates |
IBR benchmark rate at the beginning of the period |
CPI at the beginning of the period |
CPI at the beginning of the period |
CPI at the beginning of the period |
|
Date of issue |
August 11, 2020 |
August 11, 2020 |
August 11, 2020 |
August 11, 2020 |
|
Due date |
August 11, 2023 |
August 11, 2027 |
August 11, 2032 |
August 11, 2040 |
|
Maximum rate of return offered in the offering notice |
IBR benchmark rate + 2.00% Nominal Annual Rate Compounded on a Monthly in Arrears Basis |
CPI + 3.00% Effective Annual Rate |
CPI + 3.80% Effective Annual Rate |
CPI + 4.20% Effective Annual Rate |
|
Cut-Off Rate |
IBR benchmark rate + 1.49% Nominal Annual Rate Compounded on a Monthly in Arrears Basis |
CPI + 2.54% Effective Annual Rate |
CPI + 3.39% Effective Annual Rate |
CPI + 3.78% Effective Annual Rate |
|
Optimization (bp) |
51 |
46 |
41 |
42 |
|
Interest payment frequency |
Monthly in arrears |
Quarterly in arrears |
Quarterly in arrears |
Quarterly in arrears |
|
Basis |
360 |
365 |
365 |
365 |
|
Repayment of principal |
At maturity |
At maturity |
At maturity |
At maturity |
|
Interest payment dates |
11th day of each month beginning on the date of issue and ending on the corresponding maturity date. |
February 11, May 11, August 11 and November 11 beginning on the date of issue and ending on the corresponding maturity date |
||
|
Amounts bid (in COP millions) |
635,900 |
521,405 |
Amounts bid (in COP millions) |
635,900 |
|
Amounts awarded (in COP millions) |
223,750 |
296,350 |
Amounts awarded (in COP millions) |
223,750 |
This operation was carried out by Banca de Inversión Bancolombia as Structuring Agent with Valores Bancolombia as Lead Placement Agent and BTG Pactual and Corredores Davivienda acting as placement agents.
1. Calculated on eight hundred billion pesos ($800,000,000,000) which is the amount offered, excluding an additional amount allocated that came to two hundred billion pesos ($200,000,000,000)
