Ecopetrol launches biggest peso corporate bond
Ecopetrol, the state owned Colombian oil company, launched the biggest ever Colombian peso bond issue this week, raising Ps1tr ($517m) in a four tranche deal. It is its first bond issue in the local market for over a decade.
The five year tranche was priced at inflation plus 2.8%, the seven year tranche at inflation plus 3.3%, the 10 year at inflation plus 3.93% and the 30 year at inflation plus 4.9%. The lead managers were local brokers Correval and Valores Bancolombia.
An Ecopetrol official said: "Last
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.