Ecopetrol prices $2 billion of 7.875% notes due 2034 to refinance debt
Ecopetrol S.A. announced that it has priced a US$2.0 billion bond offering with a 7.875% coupon and a maturity on 12 Nov 2034. The net proceeds will be used to redeem US$810 million of its 8.625% notes due 2029 and to repay short‑term financing related to its 2026 acquisition of Brava Energia. Settlement is expected on 12 Nov 2026 and the redemption of the 2029 notes is scheduled for 19 Nov 2026.
Why it matters
The company says the refinancing replaces existing liabilities without increasing total indebtedness, reducing near‑term maturities and refinancing risk. Investors can expect the company’s liquidity position to improve as the proceeds are applied to existing debt.
Key facts
- 1Principal amount of the offering is US$2.0 billion. prnewswire.com
- 2Notes carry a 7.875% coupon. prnewswire.com
- 3Maturity date is 12 Nov 2034. prnewswire.com
- 4Redemption of US$810 million of 8.625% notes due 2029 is planned. prnewswire.com
- 5Settlement is expected on 12 Nov 2026. prnewswire.com
- 6Redemption of the 2029 notes is scheduled for 19 Nov 2026. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.