Ecopetrol targets international market to finance ISA deal

Ecopetrol targets international market to finance ISA deal

Bonds Debt Fixed Income Corporate & Sovereign Strategy Colombia ESG Renewable Energy Electricity M&A Oil

Colombia's state-owned oil company Ecopetrol plans to tap the international capital markets to finance the $3.6 billion acquisition of a majority stake in ISA, a state-controlled company with energy interests, CFO Jaime Caballero said on Thursday. “We are in good times," Caballero said in a conference call. "The international market is very competitive right now.” Ecopetrol sees strong demand in the cross-border bond market, which means they can raise money at lower interest rates, he said. The

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