By Christine Van Dusen
Atlanta, May 21 - Colombia's Ecopetrol SA sold $2 billion 5 7/8% notes due May 28, 2045 at 99.336 to yield 5.922%, or Treasuries plus 255 basis points, a market source said.
The notes were talked at a spread in the 275 bps area.
Deutsche Bank and Goldman Sachs were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general corporate purposes.
Ecopetrol is a Bogota, Colombia-based petroleum company.
| Issuer: | Ecopetrol SA
|
| Amount: | $2 billion
|
| Maturity: | May 28, 2045
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Goldman Sachs
|
| Coupon: | 5 7/8%
|
| Price: | 99.336
|
| Yield: | 5.922%
|
| Spread: | Treasuries plus 255 bps
|
| Call features: | Make-whole call at 40 bps
|
| Trade date: | May 20
|
| Settlement date: | May 28
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | Treasuries plus 275 bps area
|
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