By Christine Van Dusen
Atlanta, Sept. 9 – Colombia’s Ecopetrol SA priced $1.2 billion 4 1/8% notes (Baa2/BBB/BBB) due Jan. 16, 2025 at 99.001 to yield Treasuries plus 175 basis points, a market source said.
Citigroup and JPMorgan are the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general corporate purposes, including capital expenditures.
Ecopetrol is a Bogota, Colombia-based petroleum company.
| Issuer: | Ecopetrol SA
|
| Amount: | $1.2 billion
|
| Maturity: | Jan. 16, 2025
|
| Description: | Notes
|
| Bookrunners: | Citigroup, JPMorgan
|
| Coupon: | 4 1/8%
|
| Price: | 99.001
|
| Spread: | Treasuries plus 175 bps
|
| Trade date: | Sept. 9
|
| Settlement date: | Sept. 16
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB
|
| Fitch: BBB
|
| Distribution: | Securities and Exchange Commission registered
|
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