With a demand of more than $ 436,000 million, Odinsa successfully closes its issuance of ordinary bonds for $ 280,000 million

Odinsa S.A. informs that today, October 2, 2020, it made a placement in the public securities market, of its ordinary bonds authorized by the Financial Superintendence of Colombia through Resolution No. 0730 of August 18, 2020, for an amount of two hundred and eighty one billion pesos (COP $ 280,000,000,000), through the Dutch Auction mechanism and obtained a positive response from the market with the total demand for its bonds.

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With demand for over COP 436 billion, Odinsa successfully closed its ordinary bond issue in the amount of COP 280 billion.

  • The active participation of both institutional investors and individuals demonstrates their confidence in the company and in its long-term strategic vision, as well as investor interest in the Colombian infrastructure sector.
  • The backing of Grupo Argos, as controlling shareholder of Odinsa, enhanced investor confidence in the transaction.

Medellín, October 2, 2020. Today, October 2, 2020, Odinsa –the Grupo Argos concessions company– successfully completed a COP 280 billion ordinary bond issuance in the public securities market, obtaining positive response from the market, with total demand and offers for the bonds greater than the issuance amount.

The company received offers for COP 436,805 million, demonstrating investor confidence in its strategy, which focuses on contributing to regional connectivity and competitiveness through the effective management of its road and airport projects and its decided efforts to bring to fruition private initiatives, with the aim of contributing to the creation of development opportunities in the country and the region.

“This positive market response towards our issuance ratifies confidence and backing for our management approach and interest in the infrastructure sector, and it reaffirms our commitment to developing projects that will have a positive impact on the competitiveness of Colombia and the region,” said Mauricio Ossa, CEO of Odinsa.

The resources obtained will be used to replace ordinary bond liabilities issued in 2017, which mature on October 4, 2020. This bond issue and placement provides the company greater financial flexibility to continue strengthening its position in the industry and maintaining growth under a structured financing arrangement.

The issuance was led by Banca de Inversión Bancolombia S.A. Corporación Financiera in the capacity of Structuring Agent, Valores Bancolombia S.A. Comisionista de Bolsa as Lead Placement Agent, Credicorp Capital Colombia S.A. as Placement Agent and the firm Posse Herrera Ruiz as legal consultants.

The following are the details of the bond issue:

Sub-series A3
Term 3 years
Indexation Fixed rate
Issue date October 2, 2020
Maturity date October 2, 2023
Maximum yield offered in the issuance notice 5.80%
Cut-off rate 5.20%
Periodicity of interest payments QA
Base 365
Amortization of principal At maturity
Interest payment dates January 2, April 2, July 2, October 2, from the issue date to the maturity date
Amount of demand (COP, millions) COP 436,805
Amount awarded (COP, millions) COP 280,000

Currently, Odinsa, the concessions company of Grupo Argos, has a robust and diversified portfolio comprised by 7 road concessions and 2 airport concessions in Colombia, Ecuador, Dominican Republic and Aruba, which are responsibly managed, contributing to shared value creation and long-term sustainable growth.

For additional information about Odinsa, contact: Viviana Arroyave, Communications Director / varroyave@odinsa.com / 3176469218

Maria Luisa Concha, Communications Analyst / mariaconcha@dattis.com / 3214909926

Visit www.odinsa.com and our social media @SomosOdinsa on Twitter I Odinsa on LinkedIn

Odinsa, Grupo Argos concessions company, will place COP $ 280,000 million in bonds

Odinsa S.A. Grupo Argos concessions company, informs that, today, October 1, 2020, it published the public offering notice of an ordinary bond issue of Odinsa S.A. in the newspapers La República and Portafolio in their virtual editions.

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Approved the repurchase of the ordinary bonds

Odinsa S.A. informs that the Board of Directors by decision adopted at the meeting held today, unanimously approved the repurchase and / or netting for up to one value of COP 279,250 million, of the ordinary bonds issued in 2017 and maturing next October 4.

Medellín, September 23, 2020