July 10, 2020 |
Colombia's crude oil pipeline operator Oleoducto Central (Ocensa), an indirect subsidiary of state-owned Ecopetrol, said it sold on Thursday $500 million worth of seven-year notes in a deal that was 8.4 times oversubscribed.
The 2037 bonds priced at 99.247 with a coupon of 4% to yield 4.125%, Ocensa said. The yield equals 366 basis points over benchmark US Treasuries, a source involved in the deal said.
With Bank of America and Citi at the lead, the pipeline operator started with initial price
Colombian state-owned pipeline operator places seven-year notes on solid demand