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
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