FWP 1 d117835dfwp.htm FWP 2042 FWP 2042

Filed pursuant to Rule 433

Registration Statement No. 333-253587

Relating to Preliminary Prospectus Supplement

dated April 19, 2021

Republic of Colombia

Term Sheet

U.S.$1,000,000,000 4.125% Global Bonds due 2042

 

Issuer:    Republic of Colombia (“Republic”)
Transaction:    4.125% Global Bonds due 2042 (“2042 Global Bonds”)
Expected Issue Ratings*:    Baa2/BBB-/BBB- (Moody’s, negative / S&P, negative / Fitch, negative)
Format:    SEC-Registered
Principal Amount:    U.S.$1,000,000,000
Pricing Date:    April 19, 2021
Settlement Date:    April 22, 2021 (T+3)
Make-Whole Call:    Prior to August 22, 2041 at a discount rate of Treasury Yield plus 35 basis points
Par Call:    On and after August 22, 2041 (six months before the maturity date) redeemable at 100.000%
Maturity Date:    February 22, 2042
Interest Payment Dates:    February 22 and August 22 of each year, commencing August 22, 2021, to the holders of record on February 7 and August 7 preceding each payment date
Benchmark Treasury:    1.875% UST due February 15, 2041
Benchmark Treasury Price
and Yield:
   95-01 and 2.185%
Spread to Benchmark Treasury:    +205 bps
Yield to Maturity:    4.235%
Coupon:    4.125%
Price to Public:    98.492%, not including accrued interest
Gross Proceeds (before underwriting discount and expenses) to Issuer:    U.S.$984,920,000, plus accrued interest, if any, from April 22, 2021
Day Count:    30/360
Denominations:    U.S.$200,000 and increments of U.S.$1,000 in excess thereof

 

S-1


Listing and Trading:    Application will be made to list the 2042 Global Bonds on the official list of the Luxembourg Stock Exchange and to trade on the Euro MTF Market.
Joint Book-Running Managers:   

BofA Securities, Inc.

Citigroup Global Markets Inc.

Morgan Stanley & Co. LLC

Preliminary Prospectus Supplement:    https://www.sec.gov/Archives/edgar/data/917142/000119312521120404/d141983d424b3.htm
Clearing:    DTC and its participants, including the depositaries for Euroclear Bank S.A./N.V. as operator of the Euroclear System plc, and Clearstream Banking, société anonyme
CUSIP/ISIN:    195325EA9/US195325EA91

 

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction, revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BofA Securities, Inc. toll-free at +1-800-294-1322, Citigroup Global Markets Inc. toll-free at +1-800-831-9146 or Morgan Stanley & Co. LLC toll-free at +1-866-718-1649.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

 

S-2