​​The amount of bids received came to 8 times the amount offered.This latest issue of international bonds obtained investment grade ratings of BBB + from Fitch Ratings and Baa1 from Moody's.   Medellín, April 06, 2017. SURA Asset Management, a subsidiary of Grupo SURA, specializing in pension, savings and investment funds, announced the terms and conditions of its latest issue of international bonds worth USD 350 million which were successfully placed today. The amount of bids received were 8 times higher the amount offered This placement was carried out under Regulation S and Rule 144A of the US Securities Act and carried a rate of return of 4.49% and a 10-year term. SURA Asset Management which operates in Chile, Colombia, Mexico, Peru, El Salvador and Uruguay, shall be using the funds thus obtained to substitute its indebtedness. Andrés Castro, Chief Executive Officer of SURA Asset Management Latin America stated: "This issue and the results produced constitute a vote of confidence on the part of the international investor community given the Company's efforts and performance on each of its work fronts. We are highly gratified with the amount of support shown by our investors thus allowing us to continue with a business strategy that is firmly focused on our clients and the managing of their assets."  On the other hand, Fitch Ratings and Moody's gave ratings of BBB + and Baa1 respectively to this latest issue of bonds. In its corresponding ratings report, Fitch Ratings highlighted the Company´s handling of its investments, stable streams of income and cash flows, as well as the extensive experience it has built up in terms of risk management. For its part, Moody's emphasized that its rating was based on how the Company shall benefit from the favorable demographics that the region is now showing given more formal job markets and better wage increases. Both credit rating firms made special mention of the Company's leading position in Latin America. This is the second issue of international bonds that SURA Asset Management has successfully placed thanks to the substantial interest that the international investor community has shown in the Company     The following table is the summary of the terms and conditions of this latest issue:   IssuerSURA ASSET MANAGEMENT S.A.RatingFitch BBB+ (Stable) / MoodysBaa1 (Stable)Nominal amount in dollarsUSD 350 millionEffective dateApril 11, 2017Maturity dateApril 11, 2027Rate of return4,491%Placement agentsMerrill Lynch, Pierce, Fenner& Smith Incorporated and Morgan Stanley & Co. LL   About SURA Asset Management SURA Asset Management is a Latin American Pension, Savings and Investment Fund Management firm in Mexico, Peru, Chile, Colombia, Uruguay and El Salvador. Besides being a subsidiary of Grupo SURA, the Company has three minority shareholders, namely, Grupo Bolívar, Bancolombia, and Grupo Wiese. In December 2016, it held a total of USD 113 billion in assets under management belonging to its 18.7 million customers. * Client and AUM data includes AFP Protection in Colombia and AFP Crecer in El Salvador, where SURA AM holds a significant but not a controlling stake.