Ecopetrol Prices $2 Billion Bond Offering at 7.875%
Key Facts
Ecopetrol priced a $2 billion bond offering in international markets at a coupon rate of 7.875%. Bloomberg reported that the bonds are due in 2034, with the state-controlled company intending to use the proceeds for general corporate purposes and to refinance its existing debt obligations.
The pricing of the issuance occurred as Ecopetrol shares, trading in New York under the ticker EC, were at $15.55 on November 6, 2026. During that trading session, the stock reached a high of $15.73 and a low of $15.25.
Latest Updates · 1
- Notable·
Update: The bond offering marks Ecopetrol's return to international debt markets for the first time in more than two years. This move aligns with the company's efforts to strengthen its liquidity and secure funding for expansion projects.