Ecopetrol (EC) has released an update.
Ecopetrol S.A. has secured approval for a strategic debt management maneuver, involving a $1,200 million loan from a consortium of international banks to refinance existing debt, with a repayment term of five years and variable interest rates. This move demonstrates the international financial community’s confidence in Ecopetrol’s financial strategies. The Colombian Ministry of Finance and Public Credit has sanctioned the loan, underscoring the company’s adherence to required protocols and solidifying its prominent role in the energy sector.
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