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Article: Colombia Launches Invitation to Submit Offers to Exchange Puttable Bonds Due 2009.
- Article from:
- PR Newswire
- Article date:
- November 19, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOGOTA, Colombia, Nov. 19 /PRNewswire/ -- Colombia has launched an invitation to the holders of its 9.75% Puttable or Mandatorily Exchangeable Bonds due 2009 (the "Old Bonds") to submit, in a modified Dutch auction, offers to exchange up to U.S. $250,000,000 principal amount of Old Bonds for an equal amount of its 9.75% Global Bonds due 2009 (the "New Bonds") and a U.S. dollar amount of cash. For each U.S. $1,000 principal amount of validly tendered and accepted Old Bonds, holders will receive an equal principal amount of New Bonds, and a cash payment. The cash payment will be an amount, expressed as a percentage of the principal amount of Old Bonds accepted for ...