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 July, 2010.
Comission
File Number 001-32535
Bancolombia S.A.
(Translation
of registrant’s name into English)
Cra. 48 #
26-85
Medellín,
Colombia
(Address
of principal executive offices)
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
þ Form 40-F
¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(2): ¨
Indicate
by check mark whether the registrant by furnishing the information contained in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No
þ
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- .
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.
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BANCOLOMBIA
S.A.
(Registrant)
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Date: July
6, 2010
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By:
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/s/ JAIME ALBERTO VELÁSQUEZ
B.
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Name:
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Jaime
Alberto Velásquez B.
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Title:
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Vice
President of Finance
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BANCOLOMBIA
S.A. ANNOUNCES DECISION OF BOARD OF DIRECTORS
Medellin,
Colombia, July 6, 2010
Today,
the Board of Directors of Bancolombia S.A. (“Bancolombia”) approved the issuance
of up to COP $1,200,000,000,000.00 (approximately US $ 636,837,888.00) in
aggregate principal amount of Bonos Ordinarios Subordinados
(the “Subordinated Notes”) and the related Reglamento de Emision de Bonos
Ordinarios Subordinados (the “Terms of the Subordinated
Notes”).
Pursuant
to the approved Terms of the Subordinated Notes, the Subordinated
Notes will be issued in one series and may be offered abroad, in one or more
issuances, depending on market conditions at the time and any authorizations
granted for this purpose by the authorities. The Subordinated Notes would have a
term of 10 years.
Any
proceeds from the offerings will be used for general corporate purposes, which
include carrying out the business of a financial institution in accordance with
applicable law.
