Grupo Aval Plans Up to COP 400B Bond Issuance

TL;DR

Grupo Aval is raising up to COP 400 billion via bond issuance to fund growth.

AI Summary

Grupo Aval Acciones y Valores S.A. announced on October 30, 2024, that its Board of Directors approved the terms for an issuance of ordinary bonds. The public offering in the Colombian local market will be for up to COP 400,000 million to support the company's corporate purposes, including investments.

Why It Matters

This bond issuance will provide Grupo Aval with capital to fund its corporate activities and investments, potentially impacting its financial leverage and growth prospects.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a planned bond issuance for corporate purposes, not indicating immediate financial distress or significant negative events.

Key Numbers

• COP 400,000 million — Bond Issuance Amount (This is the maximum amount Grupo Aval plans to raise through the issuance of ordinary bonds.)

Key Players & Entities

• Grupo Aval Acciones y Valores S.A. (company) — Filer and issuer of bonds
• COP 400,000 million (dollar_amount) — Maximum amount of bond issuance
• October 30, 2024 (date) — Date of the Board of Directors' resolution

FAQ

Filing Documents

• dp220135_6k.htm (6-K) — 15KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 4KB
• 0000950103-24-015727.txt ( ) — 27KB

From the Filing

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 October 2024 Commission File Number: 001-36631 Grupo Aval Acciones y Valores S.A. (Exact name of registrant as specified in its charter) Carrera 13 No. 26A - 47 Bogotá D.C., Colombia (Address of principal executive office) 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 X Form 40-F GRUPO AVAL ACCIONES Y VALORES S.A. TABLE OF CONTENTS ITEM 1. Notice of relevant information dated October 30, 2024 Item 1 RELEVANT INFORMATION Bogotá, October 30, 2024. Grupo Aval Acciones y Valores S.A. (“Grupo Aval” or the “Company”) hereby informs that the Board of Directors of the Company resolved the following: 1. Approved the terms of an issuance of ordinary bonds through a public offering in the Colombian local market in up to COP 400,000 million, to support the Company’s corporate purpose, including investments in debt or equity instruments in its subsidiaries, the refinancing of indebtedness, and/or use as working capital. 2. To request the approval of the Superintendency of Finance to acquire shares of its financial subsidiaries and to invest in debt instruments issued by them. 3. To Incorporate a new subsidiary to provide financial advisory services, structuring, investment banking, and other related services. 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. Date: October 31, 2024 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge Adrián Rincón Plata Title: Chief Legal Counsel

View Full Filing

View this 6-K filing on SEC EDGAR