(Ecopetrol, 7.Jul.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), as part of its comprehensive debt management, will redeem (make whole) the remaining amount of its international notes maturing in September 2023, which were issued in 2013. The outstanding principal amount of the notes is $821.5mn with a coupon rate of 5.875% (CUSIP: 279158 AC3 / ISIN: US279158AC30).
The bonds will be redeemed on 7 August 2023, at an approximate redemption price of $1,000.18 per $1,000 principal amount outstanding, plus accrued and unpaid interest.
The prepayment aligns with the objectives of the financial plan and reaffirms Ecopetrol’s commitment to its refinancing strategy and investment plan for 2023.
____________________
