Filed pursuant to Rule 433
Registration Statement No. 333-178546
October 21, 2014
Relating to Preliminary Prospectus Supplement
dated October 21, 2014
Republic of Colombia
Final Pricing Term Sheet
Reopening of 5.625% Global Bonds due 2044
| Issuer: | Republic of Colombia | |
| Transaction: | 5.625% Global Bonds due 2044 | |
| Expected Issue Ratings*: | Baa2 / BBB / BBB | |
| Format: | SEC Registered | |
| Issue and Payment Currency: | U.S. dollars | |
| Principal Amount: | U.S.$500,000,000 (brings total size to U.S.$2,500,000,000) | |
| Reopening: | The bonds constitute a further issuance of, and will form a single series with, the U.S.$2,000,000,000 aggregate principal amount of the Republic’s 5.625% Global Bonds due 2044 issued on January 28, 2014. | |
| Pricing Date: | October 21, 2014 | |
| Settlement Date: | October 28, 2014 (T+5) | |
| Make-Whole Call: | Prior to August 26, 2043 at a discount rate of Treasury Yield plus 30 basis points | |
| Par Call: | On and after August 26, 2043 (six months before the maturity date) redeemable at 100% | |
| Maturity Date: | February 26, 2044 | |
| Interest Payment Dates: | February 26 and August 26 of each year, commencing February 26, 2015, to the holders of record on February 11 and August 11 preceding each payment date. | |
| Benchmark Treasury: | 3.375% UST due May 15, 2044 | |
| Benchmark Treasury Yield: | 2.998% | |
| Spread to Benchmark Treasury: | +185 bps | |
| Reoffer Yield**: | 4.848% | |
| Coupon: | 5.625% | |
| Price to public: | 111.991%, not including accrued interest | |
| Net Proceeds (before expenses) to Issuer: | U.S.$563,548,750.00, which includes accrued interest totaling U.S.$4,843,750.00 from August 26, 2014 to October 28, 2014 plus accrued interest, if any, from October 28, 2014 | |
| Day Count: | 30/360 | |
| Denominations: | U.S.$200,000 and increments of U.S.$1,000 in excess thereof | |
| Listing and Trading: | Application has been made to list the Global Bonds on the official list of the Luxembourg Stock Exchange and to trade on the Euro MTF Market. | |
| Bookrunners: | Citigroup Global Markets Inc. Goldman, Sachs & Co. | |
| Preliminary Prospectus Supplement: | http://www.sec.gov/Archives/edgar/data/917142/000119312514376961/d807296d424b3.htm | |
| Clearing: | DTC | |
| CUSIP/ISIN: | 195325 BR5 / US195325BR53 | |
| * | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
| ** | Reoffer yield to par call on August 26, 2043. |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at +1 (800) 831-9146 or Goldman, Sachs & Co. toll-free at +1 (866) 471-2526.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
