(Ecopetrol, 29.Oct.2024) — Ecopetrol S.A. will redeem the outstanding balance of its 5.375% notes maturing in Jun. 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39) (the “2026 Notes”), which were issued in 2015. The outstanding balance of the 2026 Notes is $447,168,000.
The expected redemption date of the 2026 Notes is 21 Nov. 2024. The redemption price is expected to be approximately $1,010.31 per $1,000.00 principal amount outstanding (preliminarily calculated at $451,778,154.18 for 100% of the 2026 Notes outstanding), plus accrued and unpaid interest up to the redemption date equivalent to $21.35 per $1,000 principal amount outstanding (estimated at $9,547,347.33 for 100% of the 2026 Notes outstanding), which would amount to $1,031.66 per $1,000 principal amount outstanding (approximately $461,325,501.51 for 100% of the 2026 Notes outstanding). The final redemption price is expected to be calculated on 18 Nov. 2024.
The redemption of the 2026 Notes is in line with the company’s financial plan and confirms Ecopetrol’s commitment to proactively manage its debt maturing in 2026.
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