PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 1.Jul.2025, Words: 246) — State-owned Ecopetrol S.A. said the Financial Superintendency of Colombia (SFC), through Resolution 1139 dated 11 Jun. 2025, authorized an amendment to the prospectus for the issuance and placement program of Ecopetrol’s local public bonds and commercial paper.
This amendment, formalized through Addendum No. 5, will be incorporated into the program’s prospectus and will include the following key updates, Ecopetrol announced on 1 Jul. 2025 in an official statement:
— issuance, under the program, of local public bonds linked to sustainable performance, as well as bonds for specific purposes (green, social, sustainable, and blue bonds);
— issuance of bonds that allow in-kind payments by investors;
— reopening of bond issuances carried out under the program;
— issuance of bonds indexed to the UVR (real value unit);
— issuance of bonds indexed to the TRM (representative market exchange rate); and
— allocation of securities through a book-building process.
This amendment aims to align the program with Ecopetrol’s corporate strategy for decarbonization and energy transition, while also expanding the range of alternatives available in capital markets, the company said.
It is worth nothing that since the first bond issuance under the program in Aug. 2013, totaling COP 900,000,000,000 Colombian pesos, no additional issuances have been made. As a result, Ecopetrol may still issue additional bonds and commercial papers for up to COP 2,100,000,000,000.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
