By Marisa Wong
Madison, Wis., Aug. 27 - Ecopetrol SA said it issued on Tuesday COP 600 billion of series C inflation-linked bonds under its COP 3 trillion domestic debt securities and commercial paper program announced earlier this month.
The bonds were issued in four subseries: subseries C5 with a maturity of five years, subseries C10 with a maturity of 10 years, subseries C15 with a maturity of 15 years and subseries C30 with a maturity of 30 years.
The offering includes an over-allotment option for up to COP 300 billion additional bonds, for a total deal size of up to COP 900 billion.
This is Ecopetrol's first tranche of bonds under the debt program and its first local public bond issuance in Colombia.
Proceeds will be used to finance the Bogota, Colombia-based petroleum company's investment plan.
| Issuer: | Ecopetrol SA
|
| Issue: | Bonds, series C
|
| Amount: | COP 600 billion
|
| Greenshoe: | COP 300 billion
|
| Maturities: | Five, 10, 15 and 30 years
|
| Coupon: | Inflation rate
|
| Settlement date: | Aug. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
