Ecopetrol Prices $2 Billion Debt Offering with High Investor Demand
Colombian energy giant Ecopetrol (EC) has successfully priced a $2 billion offering of notes carrying a 7.875% interest rate, maturing in 2034. The debt issuance saw significant market appetite, with peak demand reaching approximately $6.93 billion, representing 3.5 times the original principal amount. The SEC-registered offering attracted broad international interest, drawing participation from over 235 investors across North America, Europe, Asia, and Latin America. This high level of subscription underscores strong investor confidence in Ecopetrol's credit profile despite broader market volatility.
Tickers: $EC