CONFORMED COPY
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 1933
For the month of December 2006
BANCOLOMBIA S.A.
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(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
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(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 [X] Form 40-F [ ]
(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 [X]
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-______________.)
This Report on Form 6-K shall be incorporated by reference into the registrant's
registration statement on Form F-3 (File No. 001-32535).
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.
BANCOLOMBIA S.A.
(Registrant)
Date: December 21, 2006 By /s/ JAIME ALBERTO VELASQUEZ B.
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Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
CIB
LISTED
NYSE
[BANCOLOMBIA LOGO]
BANCOLOMBIA PURCHASES MORTGAGE-BACKED TIPS
MEDELLIN, COLOMBIA, DECEMBER 21, 2006
BANCOLOMBIA S.A. announces that today it purchased mortgage-backed TIPS, fixed
rate in Pesos, in a public offering made by Titularizadora Colombiana S.A. The
purchase amounts to Ps. 223,234,800,000.
Below are the details of the purchased securities:
Type Rate Value (Ps)
---------------------- ----------- -----------------
TIPS Pesos E-2 A 2016 8.84% EA 199.486.400.000
TIPS Pesos E-2 A 2021 10.00% EA 6.332.900.000
TIPS Pesos E-2 B 2021 11.00% EA 15.832.300.000
TIPS Pesos E-2 MZ 2021 12.00% EA 1.583.200.000
Total 223.234.800.000
CONTACTS
SERGIO RESTREPO JAIME A. VELASQUEZ MAURICIO BOTERO
EXECUTIVE VP FINANCIAL VP IR MANAGER
TEL.: (574) 5108668 TEL.: (574) 5108666 TEL.: (574) 5108866