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MEDELLIN - Bancolombia S.A., a prominent player in the Banks industry with a market capitalization of $13.3 billion, announced Tuesday its plans to voluntarily delist its 4.875% Subordinated Notes due 2027 and 8.625% Subordinated Notes due 2034 from the New York Stock Exchange and list them on the Singapore Exchange instead.
According to the press release, the Colombian financial institution anticipates filing a Form 25 with the U.S. Securities and Exchange Commission around August 1, 2025, with the delisting expected to take effect 10 days later. The last trading day for the notes on the NYSE is expected to be around August 11, 2025.
Trading of the notes on the Singapore Exchange is scheduled to commence the following day, on or about August 12, 2025.
The company stated that its board of directors made the decision "after careful consideration of the effects of being listed on each respective exchange."
Following the delisting, Bancolombia plans to file a Form 15 with the SEC to suspend its reporting obligations under Section 15(d) of the U.S. Securities Exchange Act of 1934.
The announcement noted that American Depositary Shares of Grupo Cibest S.A., Bancolombia’s parent company, will continue trading on the NYSE under the symbol "CIB." As a result, Grupo Cibest will maintain its periodic reporting requirements under the Exchange Act.
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