September 16, 2020
Ecopetrol, Colombia's state-owned oil company, said in a statement late Monday evening that it would repay roughly $430 million worth of short-term loans to local and international banks sooner than expected due to stabilizing prices for crude oil.
The loans were agreed upon in March and April of this year in the form of trade finance instruments and short-term bank loans.
"The total principal to be prepaid amounts to COP 775 billion (in respect of the local debt) and USD 221.5 million (in respe
Colombian oil company to repay local and international debt, plus accrued interest