Commercial Papers Information

Since 2017, The Company explore different alternatives aimed at achieving financial flexibility for the Company; including the issuance and placement of debt securities in the public securities market to optimize the cost of the debt, if necessary by replacing bank debt.

Commercial Papers Information

Issuance of Commercial Papers 2019

In accordance with the unique circular of the Colombian Stock Exchange - BVC, the presentation and notices of the repositioning of the 2018 papers are published.

Issuance of Commercial Papers 2018

On December 21, 2017, the Board of Directors of the Company approved to authorize the administration to explore different alternatives aimed at achieving financial flexibility for the Company; including the issuance and placement of debt securities in the public securities market.

In compliance with the relevant decision and through Resolution 0304 of March 8, 2018, the Financial Superintendence of Colombia authorizes the registration in the National Registry of Securities and Issuers of the commercial papers to be issued by Construcciones El Cóndor S.A.

Below we share the files referring to the issuance and placement of current commercial papers:

Commercial Paper Issues at the Local Market

Year Amount (million of pesos) Rate Rating

Issuance 2018 - Serie A 364 days

Issuance 2018 - Serie E 330 days

$114.050

$185.950

5,49% EA

IBR+ 1,14% NMV

F1+ (Col)

Fitch Ratings

Spanish version

Issuance 2019 - Serie A 120 days

Issuance 2019 - Serie A 358 days

$150.000

$100.000

4,99% EA

5,54% EA

F1+ (Col)

Fitch Ratings

Spanish version

Current rating (May 2019)     F2+ (col)
Fitch Ratings

Spanish version