Ecopetrol looks to finish refinancing ISA acquisition

Ecopetrol looks to finish refinancing ISA acquisition

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Loans Oil Colombia

Colombia's state-owned oil company Ecopetrol could borrow from local or international lenders to refinance bonds and pay back remaining debt from the acquisition of holding company ISA, CFO Jaime Caballero said on Wednesday. "We have remaining credit balances of about $3.5 billion for the fourth quarter of this year that we need to refinance. We are actively working on those and our preference at this stage is through bank loans, which we don't think it's cost competitive to deal with,” Caballer

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