Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc Announce Final Results of Tender Offer and Aggregate Principal Amount of Tenders Accepted For Purchase

NEW YORK, Sept. 4, 2025 /PRNewswire/ -- Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc (collectively, the "Purchasers") previously announced a tender offer (the "Tender Offer") to purchase the Republic of Colombia's outstanding (i) 3.875% Global Bonds due 2027; (ii) 4.500% Global Bonds due 2029; (iii) 3.000% Global Bonds due 2030; (iv) 3.125% Global Bonds due 2031; (v) 3.250% Global Bonds due 2032; (vi) 6.125% Global Bonds due 2041; (vii) 4.125% Global Bonds due 2042; (viii) 5.625% Global Bonds due 2044; (ix) 5.000% Global Bonds due 2045; (x) 5.200% Global Bonds due 2049; (xi) 4.125% Global Bonds due 2051; and (xii) 3.875% Global Bonds due 2061 (the "Existing Bonds") on the terms and subject to the conditions contained in the Offer to Purchase, dated August 27, 2025 (the "Offer to Purchase"). The Tender Offer expired as scheduled at 5:00 p.m. New York City time on Wednesday, September 3, 2025.  All capitalized terms used but not defined in this communication have the respective meanings specified in the Offer to Purchase. 

The Purchasers hereby announce today (i) the aggregate principal amount of each series of Existing Bonds that has been validly tendered and accepted for purchase in the table below, and (ii) that the TRS Condition has been satisfied, as a supplement to a total return swap master confirmation has been executed between each Purchaser (or its affiliate) and the Republic binding each Purchaser (or its affiliates) and the Republic to one or more total return swap transactions.

The aggregate principal amount of Existing Bonds validly tendered and accepted for purchase in the Tender Offer is U.S.$5,437,969,000, as follows: (i) U.S.$776,845,000 accepted by Banco Bilbao Vizcaya Argentaria, S.A., (ii) U.S.$1,035,798,000 accepted by Banco Santander, S.A., (iii) U.S.$517,932,000 accepted by BNP Paribas Securities Corp., (iv) U.S.$1,035,798,000 accepted by Citigroup Global Markets Inc., (v) U.S.$1,035,798,000 accepted by Goldman Sachs & Co. LLC, and (vi) U.S.$1,035,798,000 accepted by J.P. Morgan Securities plc.  The aggregate principal amount of each series of Existing Bonds accepted for purchase by each Purchaser will be proportional to the amounts set forth above.

The aggregate purchase price to be paid for the Existing Bonds validly tendered and accepted for purchase in the Tender Offer is U.S.$4,600,520,622.50, excluding accrued and unpaid interest.  Given that all Existing Bonds validly tendered have been accepted, there will be no proration.

The settlement of the Tender Offer is scheduled to occur on Monday, September 8, 2025 (the "Tender Offer Settlement Date"), subject to change without notice.  Holders of validly tendered and accepted Existing Bonds will be entitled to receive for such Existing Bonds the applicable Purchase Price plus accrued and unpaid interest up to, but excluding the Tender Offer Settlement Date.

Each Purchaser shall be severally and not jointly liable solely for the payment of the Purchase Price and Accrued Interest corresponding to the portion of the aggregate principal amount of the Existing Bonds that such Purchaser announces as having been accepted for purchase. No Purchaser shall bear any responsibility for, nor shall any Holder have any recourse against, any other Purchaser with respect to such other Purchaser's accepted portion of the aggregate principal amount of the Existing Bonds or any failure by such other Purchaser to fund, pay for or otherwise settle the Existing Bonds that it has agreed to purchase.  If there is any Non-Funding Purchaser, the Funding Purchasers intend to announce the resulting reduction to the aggregate principal amount of the Existing Bonds to be settled, and settlement would occur solely with respect to such reduced aggregate principal amount with the Funding Purchasers, without any liability of the Funding Purchasers to assume, fund or satisfy the portion attributable to the Non-Funding Purchaser.

The Offer to Purchase may be downloaded from the Information Agent's website at https://www.gbsc-usa.com/colombia/ or obtained from the Information Agent, Global Bondholder Services Corporation, at +1 (212) 430-3774 or from the Purchasers.

The Purchasers for the Tender Offer are:

Questions regarding the Tender Offer may be directed to the Purchasers at the above contacts.

Important Notice

This announcement is not an offer to purchase or a solicitation of an offer to sell the Existing Bonds. The Tender Offer will be made only by and pursuant to the terms of the Offer to Purchase, as may be amended or supplemented from time to time.

The distribution of materials relating to the Tender Offer, and the transactions contemplated by the Offer to Purchase, may be restricted by law in certain jurisdictions.  The Tender Offer is made only in those jurisdictions where it is legal to do so. The Tender Offer is void in all jurisdictions where they are prohibited. If materials relating to the Tender Offer come into your possession, you are required to inform yourself of and to observe all of these restrictions.  Each person accepting the Tender Offer shall be deemed to have represented, warranted and agreed (in respect of itself and any person for whom it is acting) that it is not a person to whom it is unlawful to make the Tender Offer pursuant to the Offer to Purchase, it has not distributed or forwarded the Offer to Purchase or any other documents or materials relating to the Tender Offer to any such person, and that it has complied with all laws and regulations applicable to it for purposes of participating in the Tender Offer. The Purchasers do not accept any responsibility for any violation by any person of the restrictions applicable in any jurisdiction.

The materials relating to the Tender Offer do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Tender Offer be made by a licensed broker or dealer and a Purchaser or any of its affiliates is a licensed broker or dealer in that jurisdiction, the Tender Offer, as the case may be, shall be deemed to be made by such Purchaser or such affiliate in that jurisdiction. Owners who may lawfully participate in the Tender Offer in accordance with the terms thereof are referred to as "Holders."

Colombia will not be liable under any circumstances for the payment of the Purchase Price and Accrued Interest for any Existing Bonds tendered in the Tender Offer by any Holder. 

Stabilization/FCA

In relation to each Member State of the European Economic Area and the United Kingdom, this communication is only addressed to and directed at qualified investors respectively in that Member State and the United Kingdom within the meaning of Regulation (EU) 2017/1129, including as such Regulation is incorporated into United Kingdom law.

This announcement is not an invitation nor is it intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000 of the United Kingdom. This announcement is only being distributed to and is only directed: at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any person who is not a relevant person should not act or rely on this announcement or any of its contents.

SOURCE Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc