US EditionBanco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc Announce Final Results of Tender Offer and Aggregate Principal Amount of Ten
The tender offer for Colombia's global bonds, totaling approximately $5.44 billion, was completed by major banks with settlement scheduled for September 8, 2025.
- On September 4, 2025, Banco Bilbao Vizcaya Argentaria, Banco Santander, BNP Paribas, Citigroup, Goldman Sachs, and J.P. Morgan disclosed the final results of their bid to acquire the Republic of Colombia’s existing bonds issued in the New York market.
- The tender offer, subject to terms in the August 27, 2025 Offer to Purchase, expired at 5:00 p.m. New York time on September 3, 2025, and was conducted only in jurisdictions where it was lawful.
- The Purchasers accepted all properly tendered Existing Bonds from various series, and each Purchaser entered into a master agreement with the Republic to establish binding total return swap arrangements.
- The total principal amount of Existing Bonds that were both properly submitted and approved for purchase amounted to USD 5,437,969,000, with a total purchase price near USD 4.6 billion, excluding any accrued interest.
- Holders of accepted bonds will receive the purchase price plus accrued interest up to but excluding the scheduled settlement on September 8, 2025, while Colombia is not liable for these payments under the offer.
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The Berkshire Eagle
Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc Announce Final Results of Tender Offer and Aggregate Principal Amount of Ten
NEW YORK, Sept. 4, 2025 /PRNewswire/ -- Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc (collectively, the "Purchasers") previously announced a tender…
A group of some of the world’s largest banks bought sovereign bonds from Colombia with a nominal value of US$5.4 billion, closing a buy-back offer that is likely to form part of a large debt management operation by the South American nation. SEE MORE: Global banks rush to buy Colombian bonds prior to swap agreementBanco Bilbao Vizcaya Argentaria, Banco Santander, BNP Paribas, Citigroup Global Markets, Goldman Sachs Group Inc. and JPMorgan Chase …
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