Ecopetrol to repay loans early

Ecopetrol to repay loans early

Debt Asset Management Corporate & Sovereign Strategy Fixed Income Loans Colombia Energy Latin America

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

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