Ecopetrol: How interested are investors in its bonds – Companies – Economy
the colombian oil company ecopetrol issued 10-year bonds in the international market, obtaining resources from external investors for 2,000 million dollars, after they demanded up to three times the amount placed.(Also read: Colombia would go from growing 8% in 2022 to 1.3% in 2023: World Bank) Nearly 320 investors from the United States, Europe, Asia and Latin America showed strong interest in the securities that received a BB+ rating from the Fitch Rating Agencywhich indicates a low probability of default compared to other issuers rated in lower categories.The proceeds from said issuance will be used to prepay the balance of…
