Bancolombia S.A. Announces an Agreement with the International Finance Corporation (IFC) for the Purpose of Entering into a Risk Management Facility
MEDELLIN, Colombia, June 11 /PRNewswire-FirstCall/ -- Bancolombia S.A. (Bancolombia) (NYSE: CIB) announces the entry into an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for the purpose of providing hedging instruments through a risk management facility in an aggregate principal amount of up to USD $400 million.
With the signing of this agreement, Bancolombia will ensure that it has quality counterparty with which to engage in hedging transactions for our clients.
Tel.: (574) 4041424
Jaime A. Velasquez
Tel.: (574) 4042199
Juan E. Toro
Tel.: (574) 4041837
SOURCE Bancolombia, S.A.