Government Blesses Ecopetrol Shelf

Government Blesses Ecopetrol Shelf

Colombia Bonds

Colombia’s Ministry of Finance and Public Credit and Ecopetrol’s board have given the Colombian state-controlled oil producer authorization to issue up to $3bn in the international bond market, Ecopetrol says. “We are in the process of signing agreements with international banks for bond issues for the next three years,” says an Ecopetrol spokesperson. In June, Ecopetrol asked banks to submit details on strategy and distribution of a potential international bond issuance of up to $1.5bn in 5, 10

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