By Christine Van Dusen
Atlanta, June 23 – Colombia’s Ecopetrol SA sold $1.5 billion of 5 3/8% notes due 2026 at 99.328 to yield 5.457%, or Treasuries plus 305 basis points, according to a company filing.
The notes were talked at a spread in the 320 bps area.
Credit Suisse and HSBC were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general corporate purposes.
The notes have a make-whole call at Treasuries plus 45 basis points until three months before maturity and after that are callable at par.
Ecopetrol is a Bogota, Colombia-based petroleum company.
| Issuer: | Ecopetrol SA
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| Amount: | $1.5 billion
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| Maturity: | June 26, 2026
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| Description: | Senior notes
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| Bookrunners: | Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc.
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| Coupon: | 5 3/8%
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| Price: | 99.328
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| Yield: | 5.457%
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| Spread: | Treasuries plus 305 bps
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| Call options: | Make-whole call at Treasuries plus 45 bps until March 26, 2026, then at par
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| Trade date: | June 23
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| Settlement date: | June 26
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| Ratings: | Moody’s: Baa2
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| Standard & Poor’s: BBB
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| Fitch: BBB
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| Distribution: | Securities and Exchange Commission registered
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| Price talk: | Treasuries plus 320 bps area
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