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 February, 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 o
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 o No
þ
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-___________.
BANCOLOMBIA
S.A. ANNOUNCES CLARIFICATION RELATING TO INFORMATION PUBLISHED IN MEDIA
OUTLETS
Medellín,
Colombia, February 24, 2010
Bancolombia
S.A., in accordance with a request for clarification from the Superintendencia
Financiera de Colombia relating to certain information published in media
outlets, announces the following information:
1.
Bancolombia has initiated discussions with the International Finance Corporation
(IFC), a member of the World Bank group, for the purpose of entering into a risk
management facility.
2.
Bancolombia’s proposal is currently being studied by the IFC, though IFC’s board
of directors has not yet approved the proposed transaction.
3. With
this proposal, Bancolombia is continuing its search in the ordinary course of
business for quality hedge counterparties with which to engage in hedge
transactions.
4.
Bancolombia will continue to offer its customers hedge transactions through its
treasury operations.
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: February
24, 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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