Colombia Seeks to Repurchase 2030-2061 Dollar Denominated Bonds

The Republic of Colombia, through its Ministerio de Hacienda y Crédito Público (Ministry of Finance and Public Credit), has announced a cash offer to purchase a selection of its outstanding US dollar-denominated global bonds. The government is targeting ten series of bonds with maturities ranging from 2030 to 2061.

The offer, detailed in an official document dated August 4, 2025, allows registered holders and beneficial owners of these bonds to tender them for purchase. The maximum amount of bonds to be purchased will be determined by Colombia at its discretion.

The purchase price for each series of bonds is a fixed amount per $1,000 USD of principal, as specified in the offer. In addition to the purchase price, investors whose bonds are accepted will receive accrued and unpaid interest up to, but not including, the settlement date.

The specific bonds included in the offer are as follows:

• 3.000% Global Bonds due 2030
• 3.125% Global Bonds due 2031
• 3.250% Global Bonds due 2032
• 6.125% Global Bonds due 2041
• 4.125% Global Bonds due 2042
• 5.625% Global Bonds due 2044
• 5.000% Global Bonds due 2045
• 5.200% Global Bonds due 2049
• 4.125% Global Bonds due 2051
• 3.875% Global Bonds due 2061

Should the total value of tendered bonds of a particular series exceed the maximum purchase price set by the government for that series, a proration factor will be applied. The offer is not contingent on a minimum participation level for any of the bond series.

The tender offer commenced at approximately 8:00 a.m. New York time on Monday, August 4, 2025, and is scheduled to expire at 5:00 p.m. New York City time on Friday, August 8, 2025, unless extended. The settlement date for the accepted tenders is expected to be Thursday, August 14, 2025.

Colombia has stated its intention to announce key details of the tender results at or around 8:00 a.m. New York City time on Monday, August 11, 2025. This announcement is expected to include the maximum purchase price for each series, the aggregate principal amount of tenders accepted for each series, and any applicable proration.

Bondholders wishing to participate must submit their tenders through a direct participant in either The Depository Trust Company (DTC), Euroclear Bank SA/NV, or Clearstream Banking, S.A. The government has not provided a letter of transmittal or guaranteed delivery procedures for this offer.

Citigroup Global Markets Inc. (NYSE: C) is acting as the dealer manager for the offer. Global Bondholder Services Corporation is serving as the tender and information agent. Documentation for the offer can be obtained from Global Bondholder Services Corporation’s website or by contacting them directly. Questions regarding the offer can be directed to the dealer manager.

US Dollars. Photo credit: Mano Chandra Dhas.