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Ecopetrol Taps Bond Market for the First Time in Two Years

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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.
Ecopetrol Taps (PERSON) Ecopetrol SA (PERSON) Colombian (ORG) Brazil (LOCATION) Brava Energia SA (ORG)
Originally published by Bloomberg Markets Read original →