A complete success! Ecopetrol issues bonds for USD 1,750 million and defines repurchase price

Ecopetrol reports that, as a continuation of its debt refinancing and optimization strategy, it successfully completed an issuance of External Public Debt Bonds for USD 1,750 million.

The transaction, which will be used to finance the total repurchase of bonds maturing in 2026 and the prepayment of obligations, confirms the confidence of the international market in the financial solidity of the Company.

The operation was carried out under the authorization of the Ministry of Finance and Public Credit, in accordance with Resolution 2990 of October 8, 2024.

The conditions of the issue were the following:

The issue book reached an oversubscription of ~2.6 times the amount placed, with demand from more than 200 investors from the United States, Europe, Asia and Latin America, reflecting Ecopetrol’s solid credit profile and the favorable conditions it achieved. , the spread and coupon being the lowest obtained by the Company in the last two years.

Additionally, in relation to the tender offer announced on October 8, 2024 and extended until October 16, Ecopetrol established the repurchase price of its international bonds maturing in June 2026 at USD 1,011.90 for each USD 1,000 face value. The bonds, issued in 2015, have an outstanding balance of USD 1.25 billion and a coupon rate of 5.375% (CUSIP: 279158 AL3 / ISIN: US279158AL39).

The final results of the buyback will be announced once the transaction closes.

For more information, please refer to the communications published before the Securities and Exchange Commission (SEC) at the following links: Tender offer price and Terms and Conditions Sheet.

2024-10-17 19:28:00
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