BanColombia SA News

The ADSs trade on the New York Stock Exchange under the symbol "CIB." The Equity Offering is expected to close on UBS Investment Bank is acting as global coordinator for the ADS offering, and UBS Investment Bank, BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers.

Bancolombia S.A. was upgraded by Goldman Sachs from a "sell" rating to a "neutral" rating in a research note issued on Wednesday.

Bancolombia S.A. announced that it has priced its public offering of 4,447,002 American Depositary Shares, representing 17,788,008 preferred shares, at US$60 per ADS amounting to US$266.8 million.

Bancolombia has raised $300m in the international portion of its follow-on equity offering, pricing 5m ADRs representing 20m preferred shares at $60.00 each, according to bankers on the... LatinFinance: Petrobras has the weight of a $16bn book behind it as it prepares to price its multi-tranche bond Wednesday.

Colombia's main stock index rose sharply Tuesday, fueled by gains in oil and financial shares, while the peso appreciated against the dollar.

CNBC Fast Money's Tim Seymour suggested on the show that investor should consider buying Bancolombia S.A. on Friday.

The latest to shop abroad is Davivienda, the country's third-biggest lender by assets, which has picked up HSBC's Central American assets for $801m . Efrain Forero, Davivienda's chief executive, told reporters on Tuesday the deal also adds 136 branches in Costa Rica, El Salvador and Honduras, with assets of $4.3bn and loans of $2.5bn.A Davivienda, ... (more)