INSTRUMENTOS FINANCIEROS DEUDA BONOS EMITIDOS

Instrumentos financieros a costo amortizado

1. Reconocimiento inicial:

Valor de compra 530,180,000,000

2. Medición posterior:

Se miden con base en el costo amortizasdo que tiene en cuenta la tasa de interés efectiva

2.1. Hallar los flujos del Instrumento financiero:

TASA CUPON
Períodos anuales Flujos
1/17/2013 - 530,180,000,000 5,302
1/17/2014 1 (37,112,600,000) (371)
1/17/2015 2 (37,112,600,000) (371)
1/17/2016 3 (37,112,600,000) (371)
1/17/2017 4 (37,112,600,000) (371)
1/17/2018 5 (37,112,600,000) (371)
1/17/2019 6 (37,112,600,000) (371)
1/17/2020 7 (219,221,678,000) (2,192)
1/17/2021 8 (37,112,600,000) (371)
1/17/2022 9 (37,112,600,000) (371)
1/17/2023 10 (385,183,522,000) (3,852)

Hallar la tasa de interés efectiva (TIR):

TIR 7.5935% efectiva anual

TASA MENSUAL 0.61178% Mensual

Reconocimiento de los rendimientos y valoración del instrumento financiero:

FECHAS Período Saldo inicial Interes

1/17/2013 1 530,180,000,000 3,243,552,512
2/17/2013 2 533,423,552,512 3,263,396,023
3/17/2013 3 536,686,948,535 3,283,360,934
4/17/2013 4 539,970,309,469 3,303,447,987
5/17/2013 5 543,273,757,456 3,323,657,929
6/17/2013 6 546,597,415,385 3,343,991,512
7/17/2013 7 549,941,406,896 3,364,449,492
 8/17/2013 8 553,305,856,388 3,385,032,631
9/17/2013 9 556,690,889,019 3,405,741,694
10/17/2013 10 560,096,630,714 3,426,577,452
11/17/2013 11 563,523,208,165 3,447,540,679
12/17/2013 12 566,970,748,845 3,468,632,156
1/17/2014 13 533,326,781,001 3,262,803,991
2/17/2014 14 536,589,584,992 3,282,765,280
3/17/2014 15 539,872,350,273 3,302,848,689
4/17/2014 16 543,175,198,961 3,323,054,964
5/17/2014 17 546,498,253,926 3,343,384,858
6/17/2014 18 549,841,638,784 3,363,839,127
7/17/2014 19 553,205,477,912 3,384,418,532
8/17/2014 20 556,589,896,444 3,405,123,838
9/17/2014 21 559,995,020,282 3,425,955,816
10/17/2014 22 563,420,976,099 3,446,915,241
11/17/2014 23 566,867,891,339 3,468,002,891
12/17/2014 24 570,335,894,230 3,489,219,552
1/17/2015 25 536,712,513,783 3,283,517,338
2/17/2015 26 539,996,031,121 3,303,605,348
3/17/2015 27 543,299,636,468 3,323,816,252
4/17/2015 28 546,623,452,720 3,344,150,804
5/17/2015 29 549,967,603,524 3,364,609,759
6/17/2015 30 553,332,213,283 3,385,193,878
7/17/2015 31 556,717,407,161 3,405,903,928
8/17/2015 32 560,123,311,089 3,426,740,678
9/17/2015 33 563,550,051,767 3,447,704,904
10/17/2015 34 566,997,756,671 3,468,797,386
11/17/2015 35 570,466,554,056 3,490,018,907
12/17/2015 36 573,956,572,964 3,511,370,259
1/17/2016 37 540,355,343,223 3,305,803,559
2/17/2016 38 543,661,146,781 3,326,027,912
3/17/2016 39 546,987,174,693 3,346,375,994
4/17/2016 40 550,333,550,687 3,366,848,562
5/17/2016 41 553,700,399,249 3,387,446,378
6/17/2016 42 557,087,845,627 3,408,170,208
7/17/2016 43 560,496,015,836 3,429,020,823
8/17/2016 44 563,925,036,659 3,449,998,999
9/17/2016 45 567,375,035,658 3,471,105,515
10/17/2016 46 570,846,141,173 3,492,341,158
11/17/2016 47 574,338,482,331 3,513,706,717
12/17/2016 48 577,852,189,047 3,535,202,986
1/17/2017 49 544,274,792,034 3,329,782,091
2/17/2017 50 547,604,574,124 3,350,153,140
3/17/2017 51 550,954,727,265 3,370,648,817
4/17/2017 52 554,325,376,081 3,391,269,882
 5/17/2017 53 557,716,645,963 3,412,017,103
6/17/2017 54 561,128,663,067 3,432,891,253
7/17/2017 55 564,561,554,320 3,453,893,107
8/17/2017 56 568,015,447,427 3,475,023,447
9/17/2017 57 571,490,470,874 3,496,283,059
10/17/2017 58 574,986,753,933 3,517,672,734
11/17/2017 59 578,504,426,667 3,539,193,267
12/17/2017 60 582,043,619,934 3,560,845,459
1/17/2018 61 548,491,865,393 3,355,581,440
2/17/2018 62 551,847,446,833 3,376,110,325
3/17/2018 63 555,223,557,158 3,396,764,803
4/17/2018 64 558,620,321,962 3,417,545,642
5/17/2018 65 562,037,867,604 3,438,453,614
6/17/2018 66 565,476,321,218 3,459,489,498
7/17/2018 67 568,935,810,716 3,480,654,076
8/17/2018 68 572,416,464,792 3,501,948,135
9/17/2018 69 575,918,412,927 3,523,372,468
10/17/2018 70 579,441,785,395 3,544,927,871
11/17/2018 71 582,986,713,265 3,566,615,146
12/17/2018 72 586,553,328,412 3,588,435,101
1/17/2019 73 553,029,163,512 3,383,339,870
2/17/2019 74 556,412,503,383 3,404,038,577
3/17/2019 75 559,816,541,960 3,424,863,916
4/17/2019 76 563,241,405,876 3,445,816,660
5/17/2019 77 566,687,222,536 3,466,897,590
6/17/2019 78 570,154,120,126 3,488,107,489
7/17/2019 79 573,642,227,614 3,509,447,147
8/17/2019 80 577,151,674,761 3,530,917,357
9/17/2019 81 580,682,592,118 3,552,518,919
10/17/2019 82 584,235,111,037 3,574,252,635
11/17/2019 83 587,809,363,672 3,596,119,314
12/17/2019 84 591,405,482,986 3,618,119,770
1/17/2020 85 375,801,924,756 2,299,093,283
2/17/2020 86 378,101,018,040 2,313,158,751
3/17/2020 87 380,414,176,791 2,327,310,269
4/17/2020 88 382,741,487,061 2,341,548,364
5/17/2020 89 385,083,035,425 2,355,873,565
6/17/2020 90 387,438,908,990 2,370,286,405
7/17/2020 91 389,809,195,396 2,384,787,421
8/17/2020 92 392,193,982,817 2,399,377,151
9/17/2020 93 394,593,359,968 2,414,056,139
10/17/2020 94 397,007,416,107 2,428,824,931
11/17/2020 95 399,436,241,038 2,443,684,075
12/17/2020 96 401,879,925,113 2,458,634,125
1/17/2021 97 367,225,959,238 2,246,626,962
 2/17/2021 98 369,472,586,200 2,260,371,449
3/17/2021 99 371,732,957,649 2,274,200,024
4/17/2021 100 374,007,157,673 2,288,113,199
5/17/2021 101 376,295,270,872 2,302,111,492
6/17/2021 102 378,597,382,364 2,316,195,425
7/17/2021 103 380,913,577,789 2,330,365,521
8/17/2021 104 383,243,943,311 2,344,622,307
9/17/2021 105 385,588,565,618 2,358,966,314
10/17/2021 106 387,947,531,933 2,373,398,076
11/17/2021 107 390,320,930,008 2,387,918,128
12/17/2021 108 392,708,848,136 2,402,527,011
1/17/2022 109 357,998,775,147 2,190,176,594
2/17/2022 110 360,188,951,741 2,203,575,727
3/17/2022 111 362,392,527,468 2,217,056,835
4/17/2022 112 364,609,584,303 2,230,620,418
5/17/2022 113 366,840,204,721 2,244,266,980
6/17/2022 114 369,084,471,701 2,257,997,030
7/17/2022 115 371,342,468,730 2,271,811,078
8/17/2022 116 373,614,279,808 2,285,709,638
9/17/2022 117 375,899,989,446 2,299,693,227
10/17/2022 118 378,199,682,673 2,313,762,365
11/17/2022 119 380,513,445,038 2,327,917,576
12/17/2022 120 382,841,362,614 2,342,159,386
enta la tasa de interés efectiva

7%

rumento financiero:

Cupones Saldo final

- 533,423,552,512
- 536,686,948,535
- 539,970,309,469
- 543,273,757,456
- 546,597,415,385
- 549,941,406,896
- 553,305,856,388
 - 556,690,889,019
- 560,096,630,714
- 563,523,208,165
- 566,970,748,845
(37,112,600,000) 533,326,781,001
- 536,589,584,992
- 539,872,350,273
- 543,175,198,961
- 546,498,253,926
- 549,841,638,784
- 553,205,477,912
- 556,589,896,444
- 559,995,020,282
- 563,420,976,099
- 566,867,891,339
- 570,335,894,230
(37,112,600,000) 536,712,513,783
- 539,996,031,121
- 543,299,636,468
- 546,623,452,720
- 549,967,603,524
- 553,332,213,283
- 556,717,407,161
- 560,123,311,089
- 563,550,051,767
- 566,997,756,671
- 570,466,554,056
- 573,956,572,964
(37,112,600,000) 540,355,343,223
- 543,661,146,781
- 546,987,174,693
- 550,333,550,687
- 553,700,399,249
- 557,087,845,627
- 560,496,015,836
- 563,925,036,659
- 567,375,035,658
- 570,846,141,173
- 574,338,482,331
- 577,852,189,047
(37,112,600,000) 544,274,792,034
- 547,604,574,124
- 550,954,727,265
- 554,325,376,081
- 557,716,645,963
 - 561,128,663,067
- 564,561,554,320
- 568,015,447,427
- 571,490,470,874
- 574,986,753,933
- 578,504,426,667
- 582,043,619,934
(37,112,600,000) 548,491,865,393
- 551,847,446,833
- 555,223,557,158
- 558,620,321,962
- 562,037,867,604
- 565,476,321,218
- 568,935,810,716
- 572,416,464,792
- 575,918,412,927
- 579,441,785,395
- 582,986,713,265
- 586,553,328,412
(37,112,600,000) 553,029,163,512
- 556,412,503,383
- 559,816,541,960
- 563,241,405,876
- 566,687,222,536
- 570,154,120,126
- 573,642,227,614
- 577,151,674,761
- 580,682,592,118
- 584,235,111,037
- 587,809,363,672
591,405,482,986
(219,221,678,000) 375,801,924,756
- 378,101,018,040
- 380,414,176,791
- 382,741,487,061
- 385,083,035,425
- 387,438,908,990
- 389,809,195,396
- 392,193,982,817
- 394,593,359,968
- 397,007,416,107
- 399,436,241,038
- 401,879,925,113
(37,112,600,000) 367,225,959,238
- 369,472,586,200
 - 371,732,957,649
- 374,007,157,673
- 376,295,270,872
- 378,597,382,364
- 380,913,577,789
- 383,243,943,311
- 385,588,565,618
- 387,947,531,933
- 390,320,930,008
- 392,708,848,136
(37,112,600,000) 357,998,775,147
- 360,188,951,741
- 362,392,527,468
- 364,609,584,303
- 366,840,204,721
- 369,084,471,701
- 371,342,468,730
- 373,614,279,808
- 375,899,989,446
- 378,199,682,673
- 380,513,445,038
- 382,841,362,614
(385,183,522,000) 0
OFERTA DE BONOS ORDINARIOS
ACTIVIDAD PRINCIPAL DE LA ENTIDAD EMISORA
ASESOR Y AGENTE LÍDER COLOCADOR
Cementos Argos S.A. tiene por actividad principal la negociación en la industria del cemento y sus similares y tiene por objeto
primario la explotación de dicha industria y la producción de ese y cualquier otro material a base de calcáreos y arcillas, así com
estudio, exploración y explotación de toda clase de materiales aplicables a la industria manufacturera.
La información financiera incluida en el presente Prospecto de Información se encuentra actualizada al 31 de diciembre de 20
Emisores y/o en la Bolsa de Valores de Colombia S.A.
A la fecha de publicación del presente Prospecto de Información, Cementos Argos S.A. cuenta con un Código de Buen Gobiern
Adicionalmente, Cementos Argos S.A. efectuará de conformidad con la Circular Externa 028 de 2007, modificada por la Circula
prácticas de Gobierno Corporativo contenidas en el Código País.
ADVERTENCIA
SE CONSIDERA INDISPENSABLE LA LECTURA DEL PROSPECTO DE INFORMACIÓN PARA QUE LOS POTENCIALES INVERSIONISTAS
INVERSIÓN.
LA INSCRIPCIÓN EN EL REGISTRO NACIONAL DE VALORES Y EMISORES Y LA AUTORIZACIÓN DE LA OFERTA PÚBLICA, NO IMPLIC
SUPERINTENDENCIA FINANCIERA DE COLOMBIA ACERCA DE LAS PERSONAS NATURALES O JURÍDICAS INSCRITAS NI SOBRE EL
RESPECTIVAEMISIÓN, NI SOBRE LASOLVENCIADELEMISOR.
LAINSCRIPCIÓN EN LABOLSADE VALORES DE COLOMBIAS.A. NO GARANTIZALABONDAD DELVALOR NI LASOLVENCIADELEMISO
www.argos.com.co
NIT: 890.100.251-0
Domicilio Principal: Vía 40 Las Flores, Barranquilla.
Dirección General: Calle 7D N° 43A - 99, Medellín.

VALOR EMISION 5,300,000,000 valor nominal

CUPON ANUAL 6% 318,000,000
FECHA EMISION 1/1/2009
FECHA VENCIMIENTO 1/1/2019

Hallar los flujos del instrumento financiero

Períodos anuales Flujos

1/1/2009 - 5,300,000,000 5,300
1/1/2010 1 318,000,000 318
1/1/2011 2 318,000,000 318
1/1/2012 3 318,000,000 318
1/1/2013 4 318,000,000 318
1/1/2014 5 318,000,000 318
1/1/2015 6 318,000,000 318
1/1/2016 7 318,000,000 318
1/1/2017 8 318,000,000 318
1/1/2018 9 318,000,000 318
1/1/2019 10 (5,618,000,000) (5,618)
 Hallar la tasa de interés efectiva (TIR):

TIR -5%
TASA MENSUAL -0.00386

Reconocimiento de los rendimientos y valoración del instrumento financiero:

FECHAS Período Saldo inicial Interes

1/1/2009 1 5,300,000,000 (20,455,558)
2/1/2009 2 5,279,544,442 (20,376,609)
3/1/2009 3 5,259,167,832 (20,297,965)
4/1/2009 4 5,238,869,867 (20,219,624)
5/1/2009 5 5,218,650,243 (20,141,586)
6/1/2009 6 5,198,508,657 (20,063,849)
7/1/2009 7 5,178,444,808 (19,986,411)
8/1/2009 8 5,158,458,397 (19,909,273)
9/1/2009 9 5,138,549,123 (19,832,432)
10/1/2009 10 5,118,716,691 (19,755,888)
11/1/2009 11 5,098,960,803 (19,679,640)
12/1/2009 12 5,079,281,163 (19,603,685)
1/1/2010 13 5,377,677,477 (20,755,358)
2/1/2010 14 5,356,922,120 (20,675,252)
3/1/2010 15 5,336,246,868 (20,595,455)
4/1/2010 16 5,315,651,413 (20,515,966)
5/1/2010 17 5,295,135,447 (20,436,784)
6/1/2010 18 5,274,698,664 (20,357,907)
7/1/2010 19 5,254,340,757 (20,279,335)
8/1/2010 20 5,234,061,422 (20,201,066)
9/1/2010 21 5,213,860,356 (20,123,099)
10/1/2010 22 5,193,737,257 (20,045,433)
11/1/2010 23 5,173,691,824 (19,968,067)
12/1/2010 24 5,153,723,757 (19,891,000)
1/1/2011 25 5,451,832,757 (21,041,563)
2/1/2011 26 5,430,791,194 (20,960,352)
3/1/2011 27 5,409,830,842 (20,879,455)
4/1/2011 28 5,388,951,387 (20,798,870)
5/1/2011 29 5,368,152,517 (20,718,596)
6/1/2011 30 5,347,433,921 (20,638,632)
7/1/2011 31 5,326,795,290 (20,558,976)
8/1/2011 32 5,306,236,314 (20,479,628)
9/1/2011 33 5,285,756,686 (20,400,586)
10/1/2011 34 5,265,356,100 (20,321,849)
11/1/2011 35 5,245,034,251 (20,243,416)
12/1/2011 36 5,224,790,835 (20,165,286)
 1/1/2012 37 5,522,625,549 (21,314,791)
2/1/2012 38 5,501,310,759 (21,232,525)
3/1/2012 39 5,480,078,233 (21,150,578)
4/1/2012 40 5,458,927,656 (21,068,946)
5/1/2012 41 5,437,858,710 (20,987,630)
6/1/2012 42 5,416,871,080 (20,906,627)
7/1/2012 43 5,395,964,453 (20,825,937)
8/1/2012 44 5,375,138,516 (20,745,559)
9/1/2012 45 5,354,392,958 (20,665,490)
10/1/2012 46 5,333,727,467 (20,585,731)
11/1/2012 47 5,313,141,736 (20,506,280)
12/1/2012 48 5,292,635,457 (20,427,135)
1/1/2013 49 5,590,208,322 (21,575,629)
2/1/2013 50 5,568,632,693 (21,492,357)
3/1/2013 51 5,547,140,336 (21,409,406)
4/1/2013 52 5,525,730,930 (21,326,776)
5/1/2013 53 5,504,404,154 (21,244,464)
6/1/2013 54 5,483,159,690 (21,162,471)
7/1/2013 55 5,461,997,219 (21,080,793)
8/1/2013 56 5,440,916,426 (20,999,431)
9/1/2013 57 5,419,916,995 (20,918,383)
10/1/2013 58 5,398,998,612 (20,837,648)
11/1/2013 59 5,378,160,965 (20,757,224)
12/1/2013 60 5,357,403,741 (20,677,110)
1/1/2014 61 5,654,726,630 (21,824,640)
2/1/2014 62 5,632,901,990 (21,740,407)
3/1/2014 63 5,611,161,584 (21,656,499)
4/1/2014 64 5,589,505,085 (21,572,915)
5/1/2014 65 5,567,932,170 (21,489,653)
6/1/2014 66 5,546,442,517 (21,406,713)
7/1/2014 67 5,525,035,804 (21,324,093)
8/1/2014 68 5,503,711,711 (21,241,792)
9/1/2014 69 5,482,469,919 (21,159,808)
10/1/2014 70 5,461,310,110 (21,078,141)
11/1/2014 71 5,440,231,969 (20,996,789)
12/1/2014 72 5,419,235,180 (20,915,751)
1/1/2015 73 5,716,319,429 (22,062,360)
2/1/2015 74 5,694,257,069 (21,977,209)
3/1/2015 75 5,672,279,860 (21,892,387)
4/1/2015 76 5,650,387,472 (21,807,893)
5/1/2015 77 5,628,579,580 (21,723,724)
6/1/2015 78 5,606,855,855 (21,639,881)
7/1/2015 79 5,585,215,975 (21,556,361)
8/1/2015 80 5,563,659,614 (21,473,163)
9/1/2015 81 5,542,186,451 (21,390,287)
10/1/2015 82 5,520,796,164 (21,307,730)
11/1/2015 83 5,499,488,434 (21,225,492)
12/1/2015 84 5,478,262,942 (21,143,571)
1/1/2016 85 5,775,119,371 (22,289,300)
2/1/2016 86 5,752,830,071 (22,203,274)
3/1/2016 87 5,730,626,797 (22,117,580)
4/1/2016 88 5,708,509,217 (22,032,216)
5/1/2016 89 5,686,477,001 (21,947,182)
6/1/2016 90 5,664,529,819 (21,862,476)
7/1/2016 91 5,642,667,344 (21,778,097)
8/1/2016 92 5,620,889,247 (21,694,043)
9/1/2016 93 5,599,195,204 (21,610,314)
10/1/2016 94 5,577,584,890 (21,526,908)
11/1/2016 95 5,556,057,982 (21,443,824)
12/1/2016 96 5,534,614,157 (21,361,061)
1/1/2017 97 5,831,253,096 (22,505,951)
2/1/2017 98 5,808,747,145 (22,419,088)
3/1/2017 99 5,786,328,057 (22,332,561)
4/1/2017 100 5,763,995,497 (22,246,367)
5/1/2017 101 5,741,749,129 (22,160,507)
6/1/2017 102 5,719,588,623 (22,074,977)
7/1/2017 103 5,697,513,645 (21,989,778)
8/1/2017 104 5,675,523,867 (21,904,908)
9/1/2017 105 5,653,618,960 (21,820,365)
10/1/2017 106 5,631,798,595 (21,736,148)
11/1/2017 107 5,610,062,447 (21,652,257)
12/1/2017 108 5,588,410,190 (21,568,689)
1/1/2018 109 5,884,841,501 (22,712,777)
2/1/2018 110 5,862,128,724 (22,625,116)
3/1/2018 111 5,839,503,607 (22,537,794)
4/1/2018 112 5,816,965,813 (22,450,808)
5/1/2018 113 5,794,515,005 (22,364,159)
6/1/2018 114 5,772,150,846 (22,277,843)
7/1/2018 115 5,749,873,003 (22,191,861)
8/1/2018 116 5,727,681,142 (22,106,211)
9/1/2018 117 5,705,574,931 (22,020,891)
10/1/2018 118 5,683,554,041 (21,935,900)
11/1/2018 119 5,661,618,140 (21,851,238)
12/1/2018 120 5,639,766,902 (21,766,902)
cemento y sus similares y tiene por objeto social
aterial a base de calcáreos y arcillas, así como el
ria manufacturera.
entra actualizada al 31 de diciembre de 2008. Apartir de esa fecha, dicha información se puede consultar en el Registro Nacional de Valore

S.A. cuenta con un Código de Buen Gobierno el cual puede ser consultado en www.argos.com.co y en www.superfinanciera.gov.co.
erna 028 de 2007, modificada por la Circular Externa 056 de 2007 de la Superintendencia Financiera de Colombia, el reporte anual de las

RA QUE LOS POTENCIALES INVERSIONISTAS PUEDAN EVALUAR ADECUADAMENTE LA CONVENIENCIA DE LA

ZACIÓN DE LA OFERTA PÚBLICA, NO IMPLICA CALIFICACIÓN NI RESPONSABILIDAD ALGUNA POR PARTE DE LA

ALES O JURÍDICAS INSCRITAS NI SOBRE EL PRECIO, LA BONDAD O LA NEGOCIABILIDAD DEL VALOR O DE LA

DAD DELVALOR NI LASOLVENCIADELEMISOR.

nto financiero:

Cupones Saldo final

- 5,279,544,442
- 5,259,167,832
- 5,238,869,867
- 5,218,650,243
- 5,198,508,657
- 5,178,444,808
- 5,158,458,397
- 5,138,549,123
- 5,118,716,691
- 5,098,960,803
- 5,079,281,163
318,000,000 5,377,677,477
- 5,356,922,120
- 5,336,246,868
- 5,315,651,413
- 5,295,135,447
- 5,274,698,664
- 5,254,340,757
- 5,234,061,422
- 5,213,860,356
- 5,193,737,257
- 5,173,691,824
- 5,153,723,757
318,000,000 5,451,832,757
- 5,430,791,194
- 5,409,830,842
- 5,388,951,387
- 5,368,152,517
- 5,347,433,921
- 5,326,795,290
- 5,306,236,314
- 5,285,756,686
- 5,265,356,100
- 5,245,034,251
- 5,224,790,835
318,000,000 5,522,625,549
 - 5,501,310,759
- 5,480,078,233
- 5,458,927,656
- 5,437,858,710
- 5,416,871,080
- 5,395,964,453
- 5,375,138,516
- 5,354,392,958
- 5,333,727,467
- 5,313,141,736
- 5,292,635,457
318,000,000 5,590,208,322
- 5,568,632,693
- 5,547,140,336
- 5,525,730,930
- 5,504,404,154
- 5,483,159,690
- 5,461,997,219
- 5,440,916,426
- 5,419,916,995
- 5,398,998,612
- 5,378,160,965
- 5,357,403,741
318,000,000 5,654,726,630
- 5,632,901,990
- 5,611,161,584
- 5,589,505,085
- 5,567,932,170
- 5,546,442,517
- 5,525,035,804
- 5,503,711,711
- 5,482,469,919
- 5,461,310,110
- 5,440,231,969
- 5,419,235,180
318,000,000 5,716,319,429
- 5,694,257,069
- 5,672,279,860
- 5,650,387,472
- 5,628,579,580
- 5,606,855,855
- 5,585,215,975
- 5,563,659,614
- 5,542,186,451
- 5,520,796,164
 - 5,499,488,434
5,478,262,942
318,000,000 5,775,119,371
- 5,752,830,071
- 5,730,626,797
- 5,708,509,217
- 5,686,477,001
- 5,664,529,819
- 5,642,667,344
- 5,620,889,247
- 5,599,195,204
- 5,577,584,890
- 5,556,057,982
- 5,534,614,157
318,000,000 5,831,253,096
- 5,808,747,145
- 5,786,328,057
- 5,763,995,497
- 5,741,749,129
- 5,719,588,623
- 5,697,513,645
- 5,675,523,867
- 5,653,618,960
- 5,631,798,595
- 5,610,062,447
- 5,588,410,190
318,000,000 5,884,841,501
- 5,862,128,724
- 5,839,503,607
- 5,816,965,813
- 5,794,515,005
- 5,772,150,846
- 5,749,873,003
- 5,727,681,142
- 5,705,574,931
- 5,683,554,041
- 5,661,618,140
- 5,639,766,902
(5,618,000,000) (0)
ar en el Registro Nacional de Valores y

ww.superfinanciera.gov.co.
Colombia, el reporte anual de las
 Tabla de amortización (millones de pesos)

Recuperación de
AÑOS Saldo Cuota Interés
capital

1 40 10.55 4 6.55
2 33.45 10.55 3.34 7.21
3 26.24 10.55 2.62 7.93
4 18.31 10.55 1.83 8.72
5 9.59 10.55 0.96 9.59

INVERSIONISTA 40
TASA OPORTUNIDAD 10%
PERIIDOS 5 ANOS

INVERSIONISTA 70
TASA OPORTUNIDAD 11%
PERIIDOS 10 ANOS
BENEFICIO ANUAL EQUIVALENTE 11.88
TABLA AMORTIZACION
31%
70 1.83942098606902

Tabla de amortización (millones de pesos)

Saldo
Recuperación de
AÑOS Cuota Interés
inicial capital
 1 70 11.89 7.7 4.19
2 65.81 11.89 7.24 4.65
3 61.17 11.89 6.728 5.16
4 56.01 11.89 6.161 5.73
5 50.28 11.89 5.531 6.35
6 43.93 11.89 4.832 7.05
7 36.88 11.89 4.056 7.83
8 29.05 11.89 3.195 8.69
9 20.36 11.89 2.239 9.65
10 10.71 11.89 1.178 10.71
pesos)

Saldo

33.45
26.24
18.31
9.59
0

0.1698014270975 11.8860999

pesos)
Saldo

final
65.81
61.17
56.01
50.28
43.93
36.88
29.05
20.36
10.71
0.00
3. Bonos emitidos

La empresa emite bonos en el mercado de valores asi:

Deuda bonos
Cantidad de títulos 10000
Nominal 1000
Valor de colocación 100%
Tasa de interés 0.09 Efectiva anual pagadera año vencido
Plazo 5 años
Fecha de emisión 1/1/2010
Intereses a pagar anualmente 900000 cupones

Los costos asociados a la emisión incluyen el pago al estructuradoe, al colocador de los bonos, a la Bolsa de Valores, a los abog
Costos de emisión 0.08 de la colocación

3.1. Reconocimiento inicial:

Valor de colocación 10000000

Costos de la transacción 800000

Por la colocación de lo bonos:

Dr. Bancos 10000000
Cr. Bonos 10000000

Por las erogaciones en la colocación de los bonos (se les trata como un menor valor del valor de los bonos para su amotización
Dr. Bonos 800000
Ajuste de valoración
Cr. Bancos 800000

Saldo de la obligación por bonos:

Nominal 10,000,000
Ajuste costos de transacción (800,000)
Neto 9,200,000

3.2. Medición posterior:

3.2.1. Hallar los flujos

Período Valor
0 9,200,000
1 (900,000)
2 (900,000)
3 (900,000)
4 (900,000)
 5 (10,900,000)

3.2.2. Hallar la Tasa de interés efectiva:

TIR 0.111740475319663 EA
0.00886630682532052 Mensual

3.2.3. Tabla de amortización contable y valoración del pasivo:

Saldo inicial Interes Pagos

1 9,200,000 81,570 -
2 9,281,570 82,293 -
3 9,363,863 83,023 -
4 9,446,886 83,759 -
5 9,530,645 84,502 -
6 9,615,147 85,251 -
7 9,700,398 86,007 -
8 9,786,404 86,769 -
9 9,873,174 87,539 -
10 9,960,712 88,315 -
11 10,049,027 89,098 -
12 10,138,125 89,888 - 900,000
13 9,328,012 82,705 -
14 9,410,717 83,438 -
15 9,494,156 84,178 -
16 9,578,334 84,924 -
17 9,663,258 85,677 -
18 9,748,936 86,437 -
19 9,835,373 87,203 -
20 9,922,576 87,977 -
21 10,010,553 88,757 -
22 10,099,309 89,544 -
23 10,188,853 90,337 -
24 10,279,190 91,138 - 900,000
25 9,470,329 83,967 -
26 9,554,296 84,711 -
27 9,639,007 85,462 -
28 9,724,469 86,220 -
29 9,810,690 86,985 -
30 9,897,674 87,756 -
31 9,985,430 88,534 -
32 10,073,964 89,319 -
33 10,163,283 90,111 -
34 10,253,394 90,910 -
35 10,344,303 91,716 -
36 10,436,019 92,529 - 900,000
37 9,628,548 85,370 -
38 9,713,918 86,127 -
39 9,800,044 86,890 -
40 9,886,934 87,661 -
41 9,974,595 88,438 -
42 10,063,033 89,222 -
43 10,152,255 90,013 -
44 10,242,268 90,811 -
45 10,333,079 91,616 -
46 10,424,695 92,429 -
47 10,517,124 93,248 -
48 10,610,372 94,075 - 900,000
49 9,804,446 86,929 -
50 9,891,376 87,700 -
51 9,979,076 88,478 -
52 10,067,553 89,262 -
53 10,156,815 90,053 -
54 10,246,869 90,852 -
55 10,337,721 91,657 -
56 10,429,378 92,470 -
57 10,521,848 93,290 -
58 10,615,138 94,117 -
59 10,709,255 94,952 -
60 10,804,207 95,793 - 10,900,000
a Bolsa de Valores, a los abogados, a los auditores. Ellos corresponden a:

os bonos para su amotización en el plazo de los bonos)

Saldo final
9,281,570
9,363,863
9,446,886
9,530,645
9,615,147
9,700,398
9,786,404
9,873,174
9,960,712
10,049,027
10,138,125
9,328,012
9,410,717
9,494,156
9,578,334
9,663,258
9,748,936
9,835,373
9,922,576
10,010,553
10,099,309
10,188,853
10,279,190
9,470,329
9,554,296
9,639,007
9,724,469
9,810,690
9,897,674
9,985,430
10,073,964
10,163,283
10,253,394
10,344,303
10,436,019
9,628,548
9,713,918
9,800,044
9,886,934
9,974,595
10,063,033
10,152,255
10,242,268
10,333,079
10,424,695
10,517,124
10,610,372
9,804,446
9,891,376
9,979,076
10,067,553
10,156,815
10,246,869
10,337,721
10,429,378
10,521,848
10,615,138
10,709,255
10,804,207
-
La empresa emite bonos en el mercado de valores asi:
Deuda bonos
Cantidad de títulos 12000
Nominal 5000
Valor de colocación 100%
Tasa de interés 0.07 Efectiva anual pagadera año vencido
Plazo 7 años
Fecha de emisión 1/1/2020
Intereses a pagar anualmente 4,200,000.00

Los costos asociados a la emisión incluyen el pago al estructuradoe, al colocador de los bonos, a la Bolsa de Valores, a los abog
Costos de emisión 0.05 de la colocación

Saldo de la obligación por bonos:

Nominal 60,000,000
Ajuste costos de transacción 3,000,000
Neto 57,000,000

3.2. Medición posterior:

3.2.1. Hallar los flujos

Período Valor
0 57,000,000
1 (4,200,000)
2 (4,200,000)
3 (4,200,000)
4 (4,200,000)
5 (4,200,000)
6 (4,200,000)
7 (64,200,000)
3.2.2. Hallar la Tasa de interés efectiva:

TIR 8% EA
0.0064 Mensual

3.2.3. Tabla de amortización contable y valoración del pasivo:

Saldo inicial Interes Pagos

1 57,000,000 364,925
2 57,364,925 367,262
3 57,732,187 369,613
4 58,101,800 371,979
5 58,473,779 374,361
 6 58,848,140 376,757
7 59,224,897 379,170
8 59,604,067 381,597
9 59,985,664 384,040
10 60,369,704 386,499
11 60,756,203 388,973
12 61,145,176 391,464 - 4,200,000
13 57,336,639 367,081
14 57,703,720 369,431
15 58,073,150 371,796
16 58,444,946 374,176
17 58,819,122 376,572
18 59,195,694 378,983
19 59,574,677 381,409
20 59,956,085 383,851
21 60,339,936 386,308
22 60,726,244 388,781
23 61,115,026 391,270
24 61,506,296 393,775 - 4,200,000
25 57,700,072 369,407
26 58,069,479 371,772
27 58,441,251 374,152
28 58,815,404 376,548
29 59,191,952 378,959
30 59,570,910 381,385
31 59,952,295 383,826
32 60,336,121 386,284
33 60,722,405 388,757
34 61,111,162 391,246
35 61,502,408 393,751
36 61,896,158 396,271 - 4,200,000
37 58,092,430 371,919
38 58,464,349 374,300
39 58,838,649 376,697
40 59,215,346 379,108
41 59,594,455 381,535
42 59,975,990 383,978
43 60,359,968 386,436
44 60,746,405 388,911
45 61,135,315 391,400
46 61,526,716 393,906
47 61,920,622 396,428
48 62,317,050 398,966 - 4,200,000
49 58,516,016 374,631
50 58,890,647 377,030
51 59,267,677 379,443
52 59,647,120 381,873
53 60,028,993 384,317
54 60,413,310 386,778
55 60,800,088 389,254
56 61,189,342 391,746
57 61,581,089 394,254
58 61,975,343 396,778
59 62,372,121 399,319
60 62,771,440 401,875 - 4,200,000
61 58,973,315 377,559
62 59,350,874 379,976
63 59,730,850 382,409
64 60,113,259 384,857
65 60,498,116 387,321
66 60,885,437 389,801
67 61,275,237 392,296
68 61,667,533 394,808
69 62,062,341 397,335
70 62,459,677 399,879
71 62,859,556 402,439
72 63,261,995 405,016 - 4,200,000
73 59,467,011 380,720
74 59,847,730 383,157
75 60,230,887 385,610
76 60,616,498 388,079
77 61,004,576 390,563
78 61,395,140 393,064
79 61,788,204 395,580
80 62,183,784 398,113
81 62,581,897 400,662
82 62,982,558 403,227
83 63,385,785 405,808
84 63,791,594 408,406 - 64,200,000
Bolsa de Valores, a los abogados, a los auditores. Ellos corresponden a:

Saldo final
57,364,925
57,732,187
58,101,800
58,473,779
58,848,140
59,224,897
59,604,067
59,985,664
60,369,704
60,756,203
61,145,176
57,336,639
57,703,720
58,073,150
58,444,946
58,819,122
59,195,694
59,574,677
59,956,085
60,339,936
60,726,244
61,115,026
61,506,296
57,700,072
58,069,479
58,441,251
58,815,404
59,191,952
59,570,910
59,952,295
60,336,121
60,722,405
61,111,162
61,502,408
61,896,158
58,092,430
58,464,349
58,838,649
59,215,346
59,594,455
59,975,990
60,359,968
60,746,405
61,135,315
61,526,716
61,920,622
62,317,050
58,516,016
58,890,647
59,267,677
 59,647,120
60,028,993
60,413,310
60,800,088
61,189,342
61,581,089
61,975,343
62,372,121
62,771,440
58,973,315
59,350,874
59,730,850
60,113,259
60,498,116
60,885,437
61,275,237
61,667,533
62,062,341
62,459,677
62,859,556
63,261,995
59,467,011
59,847,730
60,230,887
60,616,498
61,004,576
61,395,140
61,788,204
62,183,784
62,581,897
62,982,558
63,385,785
63,791,594
- 0