Ecopetrol Foreign Equity Tranche on Ice

Ecopetrol Foreign Equity Tranche on Ice

Colombia

Following a smash hit local equity issue, Colombia’s Ecopetrol will not be tapping the international equity or debt markets for at least another eight months. It may wait even longer, Julio Torres, Colombia’s head of public credit and an Ecopetrol board member, tells LatinFinance. The national oil company sold over 10% of its stock to raise more than $3.3bn in the first scheduled round of equity offerings. It was originally expected to follow on with a second local deal and then an international

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