Approved the following Regulations for the Issuance and Placement of Ordinary bonds

The Board of Directors of Odinsa S.A., by unanimous decision adopted through the written voting mechanism, approved the following Regulations for the Issuance and Placement of Ordinary bonds for a total amount of two hundred and eighty billion pesos ($ 280,000,000,000), in the public stock market in Colombia. As previously indicated, with the proceeds of the issue, Odinsa S.A. will pay the maturity of the ordinary bonds that the company has on next October 4, for a value of $ 280,000,000,000, which were issued in 2017, so that the level of indebtedness will remain stable. Next, the Odinsa Ordinary Bond Issuance and Placement Regulations S.A.


See attached

Odinsa COVID-19

In response to the request made by the Superintendencia Financiera de Colombia, where it is requested to report on the risks evidenced by Odinsa S.A. (Odinsa) that have impacted the operation and / or the results since the end of the declaration of emergency by the National Government and the measures that have been adopted for mitigation


See attached

Qualification Notes 2020

In accordance with the authorization granted by the Board of Directors of Odinsa S.A., on July 6th, 2020, for the issuance and placement of ordinary notes in the Public Stock Market in Colombia for up to COP $ 280.000.000.000, we report that Fitch Ratings – assigned a national long-term rating of ‘AA- (Col)’ to the aforementioned issue.


It is important to reiterate that as the market had been informed on July 6th, with the proceeds of the issue, the maturity of the ordinary notes held by Odinsa S.A. will be paid on October 4th, for a value of $ 280.000.000.000, which were issued in 2017, with which the level of indebtedness will remain stable.

Notes Authorization 2020

The Board of Directors of Odinsa S.A., by decision adopted through the written voting mechanism, unanimously approved the issuance and placement of ordinary Odinsa S.A. notes, in the public stock market in Colombia, up to $ 280.000.000.000, for which it authorized to initiate the relevant procedures in order to obtain the corresponding authorizations. We inform that Fitch Ratings – assigned a long-term national rating of
‘AA- (Col)’ to the aforementioned issue.


With the resources obtained with the issue, Odinsa S.A. will pay the maturity of the ordinary notes that the company has on October 4th, which were issued in 2017, so that the level of indebtedness will remain stable.