Banco Davivienda has modified its Bond Issuance and Placement Program through Addendum No. 8, approved by the Superintendencia Financiera. This update allows voluntary bond readquisition at any time and enables issuances with maturities under one year. The changes aim to adapt emissions to market conditions and the bank's financing needs.
Banco Davivienda announced the modification of its Bond Issuance and Placement Program with the approval of Addendum No. 8, introducing greater flexibility in debt management and issuance conditions. The Superintendencia Financiera authorized these adjustments via official document 2025178581-019-000 on January 26, 2026.
The main change authorizes the entity to readquire its bonds at any time from the issuance date. This readquisition applies to ordinary, subordinated, green, social, sustainable, orange bonds, and those linked to sustainable performance. It is carried out voluntarily through the counter market, OTC, or the Bolsa de Valores de Colombia (BVC). Per the regulation, it invokes the legal figure of confusion, extinguishing the obligation as the entity becomes both creditor and debtor, with effects equivalent to effective payment, according to the Civil Code and Law 964 of 2005.
Additionally, maturity periods are expanded: for ordinary bonds, from 3 to 240 months; for subordinated bonds, from 60 to 240 months. This enables structuring short-, medium-, and long-term issuances aligned with market conditions.
The program retains a global quota exceeding $14.5 trillion for various bond types, and all other prospectus and issuance regulation conditions remain in effect. These adjustments strengthen the bank's capacity to operate in the Colombian capital markets.
