Domestic DCM Demand Gushes for Ecopetrol

Domestic DCM Demand Gushes for Ecopetrol

Colombia Bonds

Ecopetrol has sold COP900bn ($464m) in Colombia’s local bond market, issuing the maximum amount while getting about COP1.9trn demand. The sale was the first in the domestic market since May and Colombia’s biggest since Ecopetrol’s previous deal, a COP1trn offer in 2010. The state-controlled Colombian oil producer priced COP121bn in 2018 bonds at IPC+3.79%, COP169bn in 2023 bonds at IPC+4.60%, COP348bn in 2028 bonds at IPC+4.90% and COP263bn in 2043 bonds at IPC+5.15%. Proceeds from the sale will

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