Bancolombia S.A. Announces an Agreement with the International Finance Corporation (IFC) for the Purpose of Entering into a Risk Management Facility

MEDELLIN, Colombia, June 11 /PRNewswire-FirstCall/ -- Bancolombia S.A. (Bancolombia) (NYSE: CIB) announces the entry into an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for the purpose of providing hedging instruments through a risk management facility in an aggregate principal amount of up to USD $400 million.

With the signing of this agreement, Bancolombia will ensure that it has quality counterparty with which to engage in hedging transactions for our clients.

SOURCE Bancolombia, S.A.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED