Ecopetrol returns to the international capital market

The Colombian state oil company Ecopetrol is entering the international capital market for the second time this year, with the goal of repurchasing up to 1.25 billion dollars in bonds from investors. This financial strategy reflects the company's effort to skillfully optimize its debt structure. Ecopetrol plans to sell dollar-denominated notes with a maturity of about seven years. The proceeds from this issuance are intended to refinance existing debt maturing in 2026, as well as to repay part of a bank loan early. An insider, who wishes to remain anonymous, reported that the new debt securities are expected to be offered on Tuesday at an initial interest rate of around 8%. This approach illustrates Ecopetrol's efforts to position itself financially with foresight in volatile times, thereby ensuring the company's stability.