Republic of Colombia Announces Expiration of Its Offer to Purchase and Percentage of Bonds Accepted for Each Series

BOGOTA, Colombia, Jan. 12, 2012 /PRNewswire/ -- The Republic of Colombia ("Colombia") announced today that, pursuant to its Offer to Purchase dated January 10, 2012 (the "Offer to Purchase") launched on January 10, 2012, the Offer with respect to the bonds referred to below (the "Bonds") had expired at 4:00 p.m., New York City time, on January 11, 2012.  In accordance with the Offer to Purchase, there will be no subsequent tender period. Capitalized terms used but not defined in this notice are as defined in the Offer to Purchase.    

The percentage of each series of Bonds tendered on January 11, 2012 that has been accepted in the Offer is indicated in the table below. In the event of proration of your tender of Bonds, the principal amount of your tendered Bonds will be multiplied by the applicable proration factor, and the resultant amount will be rounded down to the nearest authorized denomination.

The Offer remains subject to the terms and conditions set forth in the Offer to Purchase, including the receipt of funds in an amount and on terms and conditions acceptable to Colombia.

The settlement of the transaction is expected to occur on Friday, January 27, 2012.  If all or any amount of your Bonds are accepted for purchase pursuant to the Offer, you must submit all your tendered Bonds through the Euroclear or Clearstream clearing systems no later than the close of business on January 18, 2012, and accordingly your tendered Bonds must be held in those clearing systems by that time. If you hold Bonds through a broker, it is your responsibility to ensure that your broker is aware of the foregoing.  Failure to block your Bonds on time may result in the cancellation of your tender and in your becoming liable for any damages resulting from that failure. Holders will not have withdrawal rights with respect to the Offer.

Colombia is making the Offer only in those jurisdictions where it is legal to do so. 

Colombia has retained HSBC and J.P. Morgan to act as dealer managers for the Offer.  Questions regarding the Offer may be directed to HSBC at 888-HSBC-4LM (toll free) or +1-212-525-5552 or +44-20-7991-5874, and J.P. Morgan at 1-866-846-2874 (toll free) or +1-212-834-5402.

Requests for the Offer to Purchase should be directed to the Information Agent, Global Bondholder Services Corporation, at 1-866-804-2200 (toll free) or +1 212-430-3774.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referenced in this communication in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

United Kingdom:  This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

SOURCE Republic of Colombia

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED