Interbolsa

completed

_x000C_Interbolsa S.A. (Interbolsa or the company) is the largest securities broker in Colombia, with approximately $396 million of assets and $58 million of equity as of December 2005. Originally dedicated to securities trading in Medellín, Interbolsa is currently the second largest proprietary trader in the Colombian market and has slowly diversified into asset management, retail brokerage and investment banking. Having consistently delivered strong financial results, Interbolsa has currently a local long-term credit rating of AA with a positive outlook by Bankwatch Ratings Colombia, “BRC”. Interbolsa is seeking to issue the first local currency medium term bond by a securities broker in the Colombian market to strengthen its liquidity, diversify funding sources, and reduce market risk. The project consists of a partial credit guarantee, “PCG” of up to $30 million that would enhance the rating of the bond up to two notches from local rating agencies. The project will also help Interbolsa continue to strengthen it liquidity and strengthen its proprietary trading business as well as consolidate retail brokerage activities in Colombia.