PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.Apr.2025) — Colombia’s Ministry of Finance and Public Credit (MHCP) authorized state-owned Ecopetrol S.A. to execute a loan agreement for up to $500mn with Banco Santander, S.A..
The deal is by means of Resolution 0910 dated 25 Apr. 2025. And, the term of the loan will be five years, payable at maturity, and the interest rate will be indexed to the SOFR rate.