Filed pursuant to Rule 433
Registration StatementNo. 333-220694
Relating to Preliminary Prospectus Supplement dated
January 21, 2020
Republic of Colombia
Final Term Sheet
U.S. $300,000,000 5.200% Global Bonds due 2049
| Issuer: | Republic of Colombia (“Republic”) | |
| Transaction: | 5.200% Global Bonds due 2049 (“2049 Global Bonds”) | |
| Expected Issue Ratings*: | Baa2 / BBB- / BBB (Moody’s, stable / S&P, stable / Fitch, negative) | |
| Format: | SEC Registered | |
| Principal Amount: | U.S. $300,000,000 | |
| Reopening: | The bonds constitute a further issuance of, and will form a single series with, the U.S. $1,500,000,000 aggregate principal amount of the Republic’s 5.200% Global Bonds due 2049 issued on January 28, 2019. | |
| Pricing Date: | January 21, 2020 | |
| Settlement Date: | January 30, 2020 (T+7) | |
| Make-Whole Call: | Prior to November 15, 2048 at a discount rate of Treasury Yield plus 35 basis points | |
| Par Call: | On and after November 15, 2048 (six months before the maturity date) redeemable at 100.000% | |
| Maturity Date: | May 15, 2049 | |
| Interest Payment Dates: | May 15 and November 15 of each year, commencing May 15, 2020, to the holders of record on May 1 and November 1 preceding each payment date | |
| Benchmark Treasury: | 2.250% UST due August 15, 2049 | |
| Benchmark Treasury Price and Yield: | Price:100-08 and yield: 2.238% | |
| Spread to Benchmark Treasury: | 173 bps | |
| Reoffer Yield**: | 3.968% | |
| Coupon: | 5.200% | |
| Price to Public: | 121.025% not including accrued interest | |
| Gross Proceeds (before underwriting discount and expenses) to Issuer: | U.S. $363,075,000, not including accrued interest totaling U.S. $3,250,000 from November 15, 2019 to January 30, 2020, plus accrued interest, if any, from January 30, 2020 | |
| 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 2049 Global Bonds on the official list of the Luxembourg Stock Exchange and to trade on the Euro MTF Market. | |
Joint Book-Running Managers: | BBVA Securities Inc. Goldman Sachs & Co. LLC Scotia Capital (USA) Inc. | |
| Preliminary Prospectus Supplement: | https://www.sec.gov/Archives/edgar/data/917142/000119312520010646/d872908d424b3.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: | 195325DQ5/US195325DQ52 | |
| *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: | Reoffer yield to par call on November 15, 2048. |
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 BBVA Securities Inc. toll-free at +1 (800)422-8692, Goldman Sachs & Co. LLC toll-free at +1-866-471-2526 or Scotia Capital (USA) Inc. toll-free at+1-800-372-3930.
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