Ecopetrol may seek loan for ISA acquisition

Ecopetrol may seek loan for ISA acquisition

Bonds Debt Loans M&A Corporate & Sovereign Strategy Colombia Capital Markets Energy Oil Electricity

Colombian state-owned oil company Ecopetrol may take out a loan from an international bank to finance the acquisition of a majority stake in ISA, a holding company with interests in energy, according to CEO Felipe Bayón.  "There is an appetite for lending to Ecopetrol because we are a very solid company and that is relevant in the bank credit market," Bayón told El Tiempo newspaper in Colombia in an interview published on Sunday. The company has made a binding offer to buy the government’s 51.4%

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