BANCOLOMBIA ANNOUNCES ACQUISITION OF INTERBOLSA SA SCB CONTRACT POSITIONS ON PUBLIC BONDS
Today Interbolsa S.A. Sociedad Comisionista de Bolsa, a brokerage firm, assigned to Bancolombia
S.A. its outstanding contractual positions linked to the performance of public bonds.
The value of the outstanding contractual positions linked to the performance of the public bonds totals approximately COP 1.6 billion (approximately USD 883 million). The net market value of the underlying public bonds is COP 113.4 million (approximately USD 62,617).
As a consequence of this assignment, Bancolombia is responsible for the settlement of the outstanding buy/sell contracts entered into by Interbolsa's proprietary trading desk. The assignment does not include client positions.
This transaction was executed with the prior approval of the Superintendency of Finance which exercises administrative control over the stock brokerage firm as its Colombian regulator, as well as with the consideration of Bancolombia Group's interest in contributing to the stability of the Colombian stock market.