PR Newswire·Nov 10, 2026, 4:26 AM ET

Ecopetrol's "New Era": The Company Announces Pricing of US$2.0 Billion in International Bonds to Optimize Its Debt Profile

Ecopetrol S.A. successfully priced an SEC-registered offering of US$2.0 billion in 7.875% Notes due 2034 on November 9, 2026.
The transaction received strong demand with a peak orderbook of approximately US$6.93 billion, representing 3.5 times the principal amount from over 235 investors globally.
Settlement is scheduled for November 12, 2026, subject to customary closing conditions.
The offering achieved the lowest spread relative to the Republic of Colombia in an international debt offering over the last five years.
Net proceeds will fund the redemption of US$810 million in outstanding 8.625% Notes due 2029 and repay short-term acquisition financing for Brava Energia S.A.
The redemption of the 2029 Notes is scheduled for November 19, 2026, which will determine the final transaction size.
Key offering terms include an 8-year tenor, a 7.980% yield, a 99.388% issue price, semi-annual interest payments, and ratings of Ba2/BB-/BB.
The Colombian Ministry of Finance authorized the transaction via Resolution No. 2595 dated November 9, 2026.
The new management team states the operation reinforces debt management strategy by replacing liabilities without increasing overall indebtedness while mitigating refinancing risk.