Ecopetrol Plots Bond Strategy

Ecopetrol Plots Bond Strategy

Colombia Bonds

Following Ecopetrol’s closing of a COP1.84trn ($969m) loan from a group of domestic banks last month, the Colombian state-controlled oil producer now turns to exploring new financing options, including international bonds. A banker familiar with the plans says Ecopetrol is asking bankers to submit details on strategy and distribution of a potential international bond issuance of up to $1.5bn in 5, 10-year and 30-year maturities by Friday. “We are not doing an RFP, but a market consultation where

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