Ecopetrol signs credit line with two banks

Ecopetrol signs credit line with two banks

Loans Structured Finance Colombia

Colombia's Ecopetrol has signed a two-year, $665m contingent credit line with Scotiabank and Mizuho, the state-run oil company said in a statement. The Canadian lender provided $430m while its Japanese peer agreed to offer $235m. The line features a two-year disbursement period over a five-year maturity. Ecopetrol received the line at 125bp over Libor while the annual fee came in at 30bp for non-disbursed principal. Proceeds may be used to advance Ecopetrol's liquidity and to mitigate risks f

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial