Placement of Ordinary Bonds
GRUPO DE INVERSIONES SURAMERICANA S.A.
REF: Placement of Ordinary Bonds
DATE: February 23, 2017
In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. hereby announces that today, having received due authorization from the Colombian Superintendency of Finance, the Company placed on the local stock market an issue of ordinary bonds worth five hundred and fifty thousand million Colombian pesos (COP 550,000,000,000). This latest issue of ordinary bonds forms part of a program consisting of issuing and placing Ordinary Bonds and Commercial Paper for which a global quota of one billion three hundred thousand million Colombian pesos (COP 1,300,000,000,000) was assigned.
The amount of bids received came to one billion three hundred and nine thousand five hundred and forty-four million pesos ($ 1,309,544,000,000), that is to say, two point four (2.4) times the amount offered. The following table shows a detailed breakdown of this latest placement
Series A5C7C12 Term 5 years7 years12 years old Indexed rates Fixed rateCPI at the beginning of the period (Effective Annual Rate)CPI at the beginning of the period (Effective Annual Rate) Date of issue February 23, 2017February 23, 2017February 23, 2017 Maturity date February 23, 2022February 23, 2024February 23, 2029 Rate of return offered 7,65% E.A.R.CPI + 3.60% Effective Annual RateCPI + 3.95% Effective Annual Rate Cut-Off Rate 7,21% E.A.R.CPI + 3.19% Effective Annual RateCPI + 3.58% Effective Annual Rate Optimization (bps) 44 bps41 bps37 bps Interest payment frequency Quarterly in arrearsQuarterly in arrearsQuarterly in arrears Payment basis 365 days365 days365 days Amounts bid (in COP
millions) 475.199323.319511.026 Amounts awarded (in COP millions) 193.549165.515190.936
Banca de Inversión Bancolombia acted as Structuring Agent for this latest issue of bonds with Valores Bancolombia, BTG Pactual and Corredores Davivienda acting as placement agents.