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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