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Ecopetrol Bonds Price Tight

Dec 2, 2010

State-controlled Colombian oil giant Ecopetrol has issued COP1trn ($518m) in local bonds tight to guidance, according to a banker on the deal. Ecopetrol got demand for more than COP3trn, toward the low end of expectations. Bankers on the deal expected bids for 3x-4x times the...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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