Carlos Fradique

BU in repurchase and issuance of Ecopetrol bonds

Brigard Urrutia has advised Ecopetrol in the repurchase of its bonds maturing in January 2025, for which bids were received for USD 737,350,000 of the aggregate amount of the bonds, reaching a 61.45% repurchase rate.

This operation also included the issuance of USD 1,850 million bonds, which reached a demand of more than USD 6 billion, equivalent to approximately 3.2 times the amount placed. The issue also attracted demand from more than 300 investors from the United States, Europe, Asia and Latin America.

BU’s team was led by managing partner Carlos Fradique-Méndez (pictured), with support from partner Luis Gabriel Morcillo and associates Viviana Araujo and Diana María Buitrago Useche.

L Giselle Estrada