UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington D.C.
20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of November, 2010.
Comission
File Number 001-32535
Bancolombia S.A.
(Translation
of registrant’s name into English)
Cra. 48 #
26-85
Medellín,
Colombia
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
þ Form 40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(2):___
Indicate
by check mark whether the registrant by furnishing the information contained in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No
þ
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- .
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BANCOLOMBIA S.A. ANNOUNCES AUTHORIZATION
FOR AN OFFERING OF SENIOR NOTES
Medellin, Colombia, November 22, 2010
Today, the Board of Directors of
Bancolombia S.A. (“Bancolombia”) approved the issuance of up to COP
$1,000,000,000,000.00 (approximately US $532,807,629.81) in aggregate principal amount of
Senior Notes (Bonos
Ordinarios or the “Senior
Notes”) and the related Reglamento de la
Emision (the “Terms of the
Senior Notes”).
Pursuant to the approved Terms of the Senior Notes, the Senior Notes will be issued in one
series and may be offered abroad, in one or more issuances, depending on market
conditions at the time and any authorizations granted for this purpose by the
authorities. The Senior Notes would have a term which may be up to 7 years, as
included in the final
prospectus.
Any proceeds from the offerings will be
used for general corporate purposes, which include carrying out the business of
a financial institution in accordance with applicable law.
This press release shall not constitute
an offer to sell, or a solicitation of an offer to buy, nor shall there be any sales of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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BANCOLOMBIA
S.A.
(Registrant)
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Date: November
22, 2010
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By:
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/s/ JAIME ALBERTO VELÁSQUEZ
B.
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Name:
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Jaime
Alberto Velásquez B.
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Title:
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Vice
President of Finance
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