Ocensa raises $500 mln in the international bond market

Ocensa raises $500 mln in the international bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Colombia

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

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