Gómez-Pinzón assists in Ecopetrol’s debt bond issue
Gómez-Pinzón has assisted BBVA Securities, J.P. Morgan Securities and Santander US Capital Markets, as underwriters, in the issuance of external public debt bonds issued by Ecopetrol.
The issue was for an aggregate principal amount of up to USD $1,750,000,000,000 at a coupon rate of 7.750% maturing in 2032.
The issue was oversubscribed by approximately 2.6 times the amount placed, with demand from more than 200 investors from the US, Europe, Asia and LatAm.
The proceeds of the issue will be used by Ecopetrol to repurchase all of its bonds maturing in 2026 and to prepay the company’s debentures.
Gómez-Pinzón’s team included partner Ricardo Fandiño De La Calle (pictured), senior associate Catalina Prieto Núñez and junior associate Sara Ferrer.
