Grupo Aval Authorized to Issue Up to COP 400 Billion in Notes
Ticker: AVAL · Form: 6-K · Filed: Dec 9, 2024 · CIK: 1504764
| Field | Detail |
|---|---|
| Company | Grupo Aval Acciones Y Valores S.A. (AVAL) |
| Form Type | 6-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, regulatory-approval, colombia
TL;DR
Grupo Aval gets green light to issue up to COP 400B in local notes, rated AAA(col).
AI Summary
Grupo Aval Acciones y Valores S.A. announced on December 6, 2024, that the Superintendency of Finance of Colombia authorized the issuance of up to COP 400 billion (approximately $100 million USD, based on current exchange rates) in ordinary notes. The issuance, rated AAA(col) by BRC Ratings, will take place in the Colombian local market.
Why It Matters
This authorization allows Grupo Aval to raise significant capital in the local market, potentially strengthening its financial position and supporting future growth initiatives.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of regulatory approval for a debt issuance, with a high credit rating, indicating low immediate risk.
Key Numbers
- COP 400 billion — Note Issuance Authorization (Maximum amount Grupo Aval can issue in ordinary notes.)
Key Players & Entities
- Grupo Aval Acciones y Valores S.A. (company) — Registrant
- Superintendency of Finance of Colombia (company) — Regulatory Authority
- COP 400 billion (dollar_amount) — Maximum issuance amount
- AAA(col) (other) — Credit Rating
- BRC Ratings (company) — Rating Agency
- December 6, 2024 (date) — Date of Notice
FAQ
What is the purpose of the authorized note issuance?
The filing does not explicitly state the purpose of the issuance, but it is a common method for companies to raise capital for operations, expansion, or refinancing.
What is the credit rating assigned to these notes?
The notes have been rated AAA(col) by BRC Ratings.
Which regulatory body authorized this issuance?
The Superintendency of Finance of Colombia authorized the issuance through Resolution 2441 of 2024.
In which market will these notes be issued?
The notes will be issued in the Colombian local market.
What is the exact date of the notice regarding this authorization?
The notice of relevant information is dated December 6, 2024.
Filing Stats: 331 words · 1 min read · ~1 pages · Grade level 10.2 · Accepted 2024-12-09 16:18:20
Filing Documents
- dp221790_6k.htm (6-K) — 15KB
- image_003.jpg (GRAPHIC) — 3KB
- image_002.jpg (GRAPHIC) — 4KB
- 0000950103-24-017450.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 December 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 December 6, 2024 Item 1 RELEVANT INFORMATION Bogotá, December 06, 2024. Grupo Aval Acciones y Valores S.A (“Grupo Aval” or the “Company”) informs that the Superintendency of Finance of Colombia, through Resolution 2441 of 2024 authorized the Company to issue ordinary notes in the Colombian local market. The issuance for up to COP 400 billion (Four hundred billion Colombian pesos), has been rated AAA (col) by BRC Ratings, and will be open to the general public exclusively in the Colombian local market. It will include five (5) series, with specific details provided in the Offering Memorandum. The notes will have maturity dates ranging from two (2) to eighteen (18) years since the issuance date. The offering memorandum is available in Spanish for public review in the National Registry of Securities and Issuers (RNVE) of Colombia and on the Company’s website at: [https://www.grupoaval.com/bonos](https://www.grupoaval.com/bonos) This notice is for informational purposes only and no offering of securities is being made into the United States or to U.S. persons. 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: December 9, 2024 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge Adrián Rincón Plata Title: Chief Legal Counsel