Filed pursuant to Rule 433
Registration StatementNo. 333-220694
Relating to Preliminary Prospectus Supplement dated October 3, 2018
Republic of Colombia
Preliminary Term Sheet
U.S. $1,500,000,000 4.500% Global Bonds due 2029
| Issuer: | Republic of Colombia (“Republic”) | |
| Transaction: | 4.500% Global Bonds due 2029 (“2029 Global Bonds”) | |
| Expected Issue Ratings*: | Baa2 / BBB-/ BBB (Moody’s, negative / S&P, stable / Fitch, stable) | |
| Format: | SEC Registered | |
| Principal Amount**: | U.S. $1,500,000,000 | |
| Pricing Date: | October 3, 2018 | |
| Settlement Date: | October 12, 2018 (T+6) | |
| Make-Whole Call: | Prior to December 15, 2028 at a discount rate of Treasury Yield plus 20 basis points | |
| Par Call: | On and after December 15, 2028 (three months before the maturity date) redeemable at 100.000% | |
| Maturity Date: | March 15, 2029 | |
| Interest Payment Dates: | March 15 and September 15 of each year, commencing March 15, 2019, to the holders of record on March 1 and September 1 preceding each payment date | |
| Benchmark Treasury: | 2.875% UST due August 15, 2028 | |
| Benchmark Treasury Price and Yield: | 97-14+ and 3.178% | |
| Spread to Benchmark Treasury: | +140 bps | |
| Yield to Maturity: | 4.578% | |
| Coupon: | 4.500% | |
| Price to Public: | 99.362% not including accrued interest | |
| Proceeds (before underwriting discount and expenses) to Issuer***: | U.S. $1,490,430,000, plus accrued interest, if any, from October 12, 2018 | |
| Day Count: | 30/360 | |
| Denominations: | U.S. $200,000 and increments of U.S. $1,000 in excess thereof | |
| Listing and Trading: | Application will be made to list the 2029 Global Bonds on the official list of the Luxembourg Stock Exchange and to trade on the Euro MTF Market. | |
| Joint Book-Running Managers: | Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC | |
| Preliminary Prospectus Supplement: | http://www.sec.gov/Archives/edgar/data/917142/000119312518291486/d623443d424b3.htm | |
| Clearing: | DTC and its participants, including the depositaries for Euroclear Bank S.A./N.V. as operator of the Euroclear System plc, and Clearstream Banking,société anonyme. | |
| CUSIP/ISIN: | 195325DP7/US195325DP79 | |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction, revision or withdrawal at any time.
**Note: The aggregate principal amount of 2029 Global Bonds includes an amount intended to fund the purchase of outstanding Preferred Tenders and Non-Preferred Tenders (as such terms are defined in the Offer to Purchase, dated October 3, 2018, of the Republic) in the concurrent tender offer pursuant to the Offer to Purchase, based on the final acceptances in the tender offer. The Republic will announce the amount of Preferred Tenders andNon-Preferred Tenders that it is accepting on October 4, 2018.
***Note: The total net proceeds amount may be adjusted in proportion to the adjustment, if any, to be made to the aggregate amount of 2029 Global Bonds.
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, Credit Suisse Securities (USA) LLC toll-free at+1-800-221-1037 or J.P. Morgan Securities LLC toll-free at+1-866-846-2875.
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