Ecopetrol secured US$2.0 billion in international bonds at a 7.875% coupon, achieving the lowest spread to Colombia in five years to refinance existing liabilities and acquisition debt.
Ecopetrol priced US$2.0 billion 7.875% notes due 2034 with a peak orderbook of about US$6.93 billion (roughly 3.5 times oversubscribed) and the lowest spread to the Republic of Colombia in five years. Proceeds redeem US$810 million of 8.625% 2029 notes and repay the Brava Energia acquisition financing without raising total debt, reducing refinancing risk. The deal supports credit quality and liquidity, though it does not change operations or earnings directly.
Ecopetrol S.A. successfully priced US$2.0 billion in 7.875% notes due 2034, attracting a peak orderbook of US$6.93 billion from over 235 investors. The company will use the proceeds to redeem US$810 million of 2029 notes and repay short-term financing from its August 2026 Brava Energia acquisition, effectively managing its debt without increasing total indebtedness.
No. The company states the operation replaces existing liabilities and does not increase overall indebtedness; it redeems US$810 million of 2029 notes and repays the short-term financing for the Brava Energia acquisition.
The peak orderbook of about US$6.93 billion, roughly 3.5 times the amount offered, allowed Ecopetrol to achieve the lowest spread relative to the Republic of Colombia in an international debt offering in five years, which reduces refinancing risk and preserves liquidity and financial flexibility.