Ecopetrol plots next bond sale

Ecopetrol plots next bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Energy Gas Regulation Colombia United States

Colombia's state-owned oil company Ecopetrol said on Friday that it received permission from the Finance Ministry to issue $2 billion worth of bonds in the cross-border market, according to a securities filing. "This authorization, along with other funding sources available to the company, allows Ecopetrol to continue to strengthen its liquidity position in the event of unforeseen fluctuations in crude oil prices, to finance potential growth opportunities and to optimize its current debt portfol

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