Bancolombia S.A. Announces Successful Offering of Ordinary Notes

    MEDELLIN, Colombia, Aug. 21 /EMWNews/ -- Bancolombia S.A.

("Bancolombia") successfully completed the issuance and offering of Bonos

Ordinarios Bancolombia (the "Bancolombia Ordinary Notes") for an aggregate

principal amount of six hundred billion pesos (Ps. 600,000,000,000). This

issuance and offering is the second of multiple and successive issuances of

global Bancolombia Ordinary Notes which are limited to an aggregate

principal amount of one trillion five hundred billion pesos (Ps.

1,500,000,000,000). Bancolombia offered the Bancolombia Ordinary Notes with

an aggregate principal amount of four hundred billion pesos (Ps.

400,000,000,000) and up to six hundred billion pesos (Ps. 600,000,000,000)

if the over-allotment option was exercised. The over-allotment option was

fully exercised. The subscription for today's offering was for one trillion

six hundred and forty two billion pesos (Ps. 1,642,057,000,000) equivalent

to 4.1 times the size of the offering.



    The Ordinary Notes are issued in registered form (a la orden) and

negotiable in the secondary market and have the following terms:








    SERIES            AGGREGATE          MATURITY         COUPON RATE

                  PRINCIPAL AMOUNT

                   (Ps. Millions)

    A18               47,301             18 months        11.74% E.A.

    A10               64,100             10 years         12.59% E.A.

    B18              105,043             18 months        DTF + 2.24% T.A.

    B3               110,375             3 years          DTF + 2.55% T.A.

    B5                65,541             5 years          DTF + 2.69% T.A.

    C5               143,210             5 years          IPC + 6.15% E.A.

    C10               64,430             10 years         IPC + 6.39% E.A.



    The proceeds from the offering will be used for general corporate

purposes of Bancolombia, including all the business and operational

transactions available to banking institutions in accordance with the terms

and requirements established by applicable law.



    The lead coordinator and lead book-running manager for the transaction

was Banca de Inversion Bancolombia S.A. Corporacion Financiera. Valores

Bancolombia S.A., Correval S.A. y Serfinco S.A. also participated in the

transaction as book-running managers. In addition, the treasury of

Bancolombia S.A. acted directly as book-running manager of part of the

offering.



    The Bancolombia Ordinary Notes were rated AAA by Duff & Phelps of

Colombia.