Ecopetrol Tightens Triple Bond Offer

Ecopetrol Tightens Triple Bond Offer

Colombia Bonds

Ecopetrol's first international bond sale since 2009 raised $2.5bn, with the issuer tightening pricing 20bp-40bp from Tuesday's initial indications across three tranches and seeing gains in initial secondary trading. Capitalizing on scarcity of triple-B Colombian credits, the state-controlled oil company was heard receiving more than $12bn in orders, including $300m-$400m reverse inquiry for the 30-year tranche added to the initially planned 5 and 10-year offerings. The $350m 2018 priced at 99.5

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