Commentary & Deal Flow

The Republic of Colombia (“Colombia”), rated Baa3 by Moody’s, BB by S&P and BB+ by Fitch, has mandated BBVA, BNP Paribas and Citigroup as Joint Bookrunners to arrange a series of fixed income investor meetings starting on September 8th, 2025. BNP Paribas will be coordinating logistics.

A new SEC-registered, EUR-denominated benchmark-sized 3-year, 7-year and long-10 year Senior Unsecured Notes offering may follow, subject to market conditions (the “2028 Bonds,” the “2032 Bonds” and the “2036 Bonds,” respectively, and together, the “Global Bonds”).

The issuer will be represented by:

• Javier Cuéllar, CFA – Head of Public Credit, Ministry of Finance

With respect to the 2028 Bonds, a preliminary prospectus supplement and accompanying prospectus of the Republic of Colombia are available from the website of the Securities and Exchange Commission (SEC) at https://www.sec.gov/Archives/edgar/data/917142/000119312525198181/d76143d424b3.htm

With respect to the 2032 Bonds, a preliminary prospectus supplement and accompanying prospectus of the Republic of Colombia are available from the website of the Securities and Exchange Commission (SEC) at https://www.sec.gov/Archives/edgar/data/917142/000119312525198189/d90472d424b3.htm

With respect to the 2036 Bonds, a preliminary prospectus supplement and accompanying prospectus of the Republic of Colombia are available from the website of the Securities and Exchange Commission (SEC) at https://www.sec.gov/Archives/edgar/data/917142/000119312525198196/d921619d424b3.htm