Bancolombia Adds Greenshoe

Bancolombia has added a $50m Asian-market greenshoe to its bond sale priced Tuesday, it says, bringing the total size to $1.2bn. The Baa3/BBB minus lender had priced the 2022 Tier 2 bond at 99.421 with a 5.125% coupon to yield 5.20%. The sale, through Bank of America Merrill Lynch, Citi and Morgan Stanley saw $7.7bn in total demand, including $500m for the greenshoe.