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)