Ecopetrol carries out international issuance of bonds for investments and to pay debt - Companies

The issuance was met by investors from the United States, Europe, Asia and Latin America.

As part of its 2023 investment plan refinancing and financing strategy, Ecopetrol successfully carried out a placement of foreign public debt bonds in the international capital market.

The operation was carried out after the authorization issued by the Ministry of Finance and Public Credit on June 28. In addition, it was approved
of the company’s board of directors.

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The broadcast book reached a value of around 3,800 million dollarsequivalent to approximately 2.5 times the amount placed and was demanded by nearly 200 investors from the United States, Europe, Asia and Latin America.

According to Ecopetrol, the conditions obtained confirm investor confidence and the international financial sector in the company, as well as a good market environment.

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Photo:

Jamie Moreno. WEATHER Archive

The resources obtained by Ecopetrol in this bond issue will be used for the debt refinancing and Ecopetrol investment planwhich for 2023 contemplates between 25.3 and 29.8 trillion pesos.

Fitch Ratings assigned a ‘BB+’ rating to Ecopetrol’s new issuance and assured that its ratings “also reflected the strategic importance of the company for the country, as well as your ability to maintain a strong financial profile“.