Colombia Domestic Capital Market

EPM is authorized by the Ministry of the Treasury and Public Credit, and by the Colombia Superintendence of Finance, in Resolutions 1242 of May 31, 2007, and 1049 of June 26, 2007 respectively, for a bond issuance and placement program on the national securities market with an overall capacity of one trillion pesos (COP1,000,000,000,000) in legal Colombian tender; all of which was placed between November 2008 and May 2009.

This capacity was increased to an overall capacity of COP 4.5 billion ($ 4.500.000.000.000) and has a term to make its public offering until July 15, 2019, having had the following modifications during its existence:

Description	Resolution Ministry of the Treasury and Public Credit No.	Resolution Superintendence of Finance No.
Increase of the capacity until COP 2 billion ($2.000.000.000.000)	2787 of October 5th, 2009	1786 of November 20th, 2009
Increase of the capacity until COP 3 billion ($3.000.000.000.000)	2862 of September 4th, 2013	1997 of October 30th, 2013
Increase of the capacity until COP 4.5 billion ($4.500.000.000.000)	1020 of April 20th, 2015	1248 of September 10th, 2015
Renewal of the Program until July 16, 2013	1425 of July 16th, 2010
Renewal of the Program until July 3, 2016	1152 of June 24th, 2013
Renewal of the Program until July 15, 2019	0891 of July 15th, 2016

The program has a AAA Rating, issued by the securities evaluation firm, Fitch Ratings Colombia S.A.

EPM’s Bonds Program in COP

Current issuances:

Tranche	Issue date	Current amount	Serie	Interes reference	Interest Margin	Maturity (years)
First	20-Nov-08	141.450.000.000	A10a	CPI rate	7,12%	10
	20-Nov-08	58.000.000.000	C10a	Fixed rate	13,80%	10
	15-May-09	32.960.000.000	A10a	CPI rate	5,37%	10
Second	22-Jan-2009	138.600.000.000	A10a	CPI rate	5,80%	10
Second	22-Jan-2009	74.700.000.000	C10a	Fixed rate	10,80%	10
Third	21-Apr-2009	198.400.000.000	A15a	CPI rate	6,24%	15
Fourth	14-Dec-2010	119.900.000.000	A12a	CPI rate	4,20%	12
Fourth	14-Dec-2010	267.400.000.000	A20a	CPI rate	4,94%	20
Fifth	04-Dec-2013	41.880.000.000	A5a	CPI rate	3,82%	5
	04-Dec-2013	96.210.000.000	A10a	CPI rate	4,52%	10
	04-Dec-2013	229.190.000.000	A20a	CPI rate	5,03%	20
	19-Mar-2015	130.000.000.000	A10a	CPI rate	3,65%	10
Sixth	29-July-2014	125.000.000.000	A6a	CPI rate	3,57%	6
	29-July-2014	125.000.000.000	A12a	CPI rate	4,17%	12
	29-July-2014	125.000.000.000	A20a	CPI rate	4,50%	20
Seventh	19-Mar-15	120.000.000.000	A5a	CPI rate	2,72%	5
	19-Mar-15	120.000.000.000	A12a	CPI rate	3,92%	12
	19-Mar-2015	260.000.000.000	A20a	CPI rate	4,43%	20

CPI rate: Consumer Price Index.

The main characteristics of the instruments are as follows
Series	A: Bonds in COP at variable CPI rate B: Bonds in COP at variable FTD (fixed term deposit) rate C: Bonds in COP at fixed rate D: Bonds in RVU (real value unit) at fixed rate E: Bonds in dollars at fixed rate F: Bonds in COP at variable IBR rate
Minimum investment	Bond Equivalent to the value of one (1) Bond
Face value per Bond	COP10,000,000 for series A, B, C and F; COP 100,000 RVU for series D, and USD5,000 for Series E.
Term for redemption	Between one (1) and forty (40) years counted from the date of issuance.
Amortization of capital	In the notice of public offer for each type of security, EPM will determine the amortization program for the securities being offered.
Recipients of the offers	Natural persons, legal persons, institutional inverstors, official entities, and in general the investing public.
Performance of the Bonds	The Bonds will offer a yield in Pesos based on the series in wich they are issued. The rate of return will be established by the ministry of the Treasury and Public Credit previous to each issuance.

The information prospectus its addendums and notices of offercan be consulted at the following link (available in Spanish):

Name
Empresas Públicas de Medellín Information Prospectus Issuance Schedule and Placement of Internal Public Debt Bonds	Download
ADDENDUM No. 1 to the Prospectus	Download
ADDENDUM No. 2 to the Prospectus	Download
ADDENDUM No.3 to the Prospectus	Download
ADDENDUM No.4 to the Prospectus	Download

Name
ADDENDUM No.5 to the Prospectus	Download
ADDENDUM No.6 to the Prospectus	Download
Notice of Offer, Seventh and fifth Round, Bond Program	Download
Notice of Offer, Sixth Round Bond Program	Download
Notice of Offer, Fifth Round, Bond Program	Download

Name
Notice of Offer, Third Round, Bond Program	Download
Notice of Offer, Second Round, Bond Program	Download
Notice of Offer, First Round – First Lot	Download
Notice of Offer, First Round – Second Lot	Download
Contract Legal Representative of Bond Holders	Download

Colombia Domestic Capital Market

EPM’s Bonds Program in COP

Current issuances:

Medellín y Valle de Aburrá

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