Finance Colombia » bancolombia

Bancolombia Takes Over Grupo Agromercantil, Fitch Calls The Move Credit Neutral

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.

Posted On October 6, 2020

, By Loren Moss

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Posted On September 1, 2020

, By Loren Moss

Unimpressed By DIP Financing Plan, Bancolombia Terminates Coverage of Avianca

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.

Posted On August 19, 2020

, By Loren Moss

Ventilator bellows as designed by Medellín's Innspiramed initiative. Photo courtesy: Ruta N

In A Rebuke To Mayor Daniel Quintero, Beverage Giant Postobón Withdraws From COVID-19 Pact With Medellín

Colombian soft drink producer Postobón has announced it is pulling out of the Innspiramed mechanical ventilator project due to concerns over governance and political intrigue following the resignation of the initiative’s manager Gabriel Sanchez, and Ruta-N’s entire board of...

Posted On August 18, 2020

, By Loren Moss

Viva Air Delivers Medical & Humanitarian Aid To Pandemic-Stricken Leticia, In Colombia’s Amazon

Fundación Viva Air, in alliance with the Antioquia Presente Corporation and other entities have operated a special flight to Leticia, Amazonas to deliver training personnel and 15 tons of food, medical equipment and other vital cargo. The low-cost airline’s charitable foundation...

Posted On May 19, 2020

, By Loren Moss

Avianca’s Top Creditors Revealed, One Small Bank Has Half A Billion USD In Exposure

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) confirmed in a filing with the US Securities & Exchange Commission that the information published on May 11 by newspaper El Tiempo, relating to the bankrupt airline’s five largest creditors is accurate. One of the motions the air...

Posted On May 19, 2020

, By Loren Moss

Ruta-N Launches #InnovaPorLaVida Initiative To Seek Innovative Weapons Against COVID-19 Pandemic

Medellín’s entrepreneurship incubator Ruta-N has launched a participatory initiative that seeks to generate rapid solutions that contribute to prevention, care and control of the COVID-19 Coronavirus Pandemic.

Posted On April 13, 2020

, By Loren Moss

3rd Annual Private Equity Congress of The Pacific Alliance was

Colombia’s Private Equity Trade Association ColCapital Hosts Full Conference Despite Coronavirus Fears

Despite travel fears, ColCapital's Private Equity Congress of The Pacific Alliance was at capacity attendance last week, taking place in Bogotá's Club El Nogal.

Posted On March 9, 2020

, By Loren Moss

first data bancolombia colombia (Photo credit: Jared Wade)

Bancolombia’s Senior Unsecured Notes Due 2025 Rated BBB By Fitch

Fitch Ratings has assigned a 'BBB' rating to Bancolombia's (NYSE: CIB) upcoming US dollar denominated senior unsecured notes. The global notes for $950 million dollars are due in 2025.

Posted On February 8, 2020

, By Loren Moss

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Bancolombia’s Proposed Tier 2 Subordinated Notes Rated Ba3(hyb) By Moody’s

Moody’s Investors Service has assigned a Ba3(hyb) rating to the proposed US Dollar-denominated contractual non-viability Tier 2 subordinated notes to be issued by Bancolombia S.A. (NYSE:CIB) of Medellín, Colombia. The notes will be due in 2029. The capital securities are...

Posted On December 22, 2019

, By Loren Moss