Business & Finance
Ecopetrol Taps Bond Market for the First Time in Two Years
Key Points
Bonds Ecopetrol Taps Bond Market for the First Time in Two Years Ecopetrol SA is offering dollar bonds for the first time in more than two years, the second Colombian company to tap global markets this month as it refinances debt used to fund its expansion in Brazil. The state-owned energy company is selling eight-year notes with initial price talks putting yields around 8.35%, according to a person familiar with the matter who asked not to be identified. Part of the revenue will be used to...
Bonds
Ecopetrol Taps Bond Market for the First Time in Two Years
Ecopetrol SA is offering dollar bonds for the first time in more than two years, the second Colombian company to tap global markets this month as it refinances debt used to fund its expansion in Brazil.
The state-owned energy company is selling eight-year notes with initial price talks putting yields around 8.35%, according to a person familiar with the matter who asked not to be identified. Part of the revenue will be used to prepay a portion of a bridge loan used to acquire a stake in Brazil’s Brava Energia SA.