Ecopetrol S.A. announces the results of its local bond issuance and placement
of August 27, 2013
BOGOTA, Colombia, Aug. 27, 2013 /CNW/ - Ecopetrol S.A. (BVC: ECOPETROL; NYSE:
EC; TSX: ECP) reports the results of its first public bond issuance and
placement in the local market, carried out today under the C Series of the
Bond and Commercial Papers Issuance and Placement Program authorized by the
Superintendence of Finance of Colombia:
-- Total amount: nine hundred billion pesos (COP$900,000,000,000).
-- Issue date: August 27, 2013.
-- Terms & conditions: placement of subseries from C Series is as
C Series: Peso-denominated variable CPI rate bonds
Maturity date 5 years 10 years 15 years 30 years
Coupon CPI + 3.79% CPI + 4.60% CPI + 4.90% CPI + 5.15%
Amount (COP millions) $ 120,950 $ 168,600 $ 347,500 $ 262,950
-- Amortization: at maturity.
-- Interest payment: semi-annual.
-- Use of proceeds: to finance the Company's investment plan.
This announcement is not an offer for sale of or a solicitation of any offer
to buy any securities of Ecopetrol S.A. in any transaction. The securities
have not been and will not be registered under the US Securities Act of 1933,
as amended (the "Securities Act") or any state securities laws, and they may
not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Securities Act.
Ecopetrol is Colombia's largest integrated oil & gas company, where it
accounts for 60% of total production. It is one of the top 50 oil companies in
the world and the fourth largest oil company in Latin America. The Company is
also involved in exploration and production activities in Brazil, Peru and the
United States Gulf Coast, and owns the main refineries in Colombia, most of
the network of oil and multiple purpose pipelines in the country,
petrochemical plants, and is entering into the biofuels business.
This release contains forward-looking statements relating to the prospects of
the business, estimates for operating and financial results, and those related
to growth prospects of Ecopetrol. These are merely projections and, as such,
are based exclusively on the expectations of management concerning the future
of the business and its continued access to capital to fund the Company's
business plan. Such forward-looking statements depend, substantially, on
changes in market conditions, government regulations, competitive pressures,
the performance of the Colombian economy and the industry, among other
factors; therefore, they are subject to change without prior notice.
Investor Relations, Alejandro Giraldo,Phone: +571-234-5190, Email:
firstname.lastname@example.org; Media Relations (Colombia), Mauricio Tellez,
Phone: +571-2345377, Fax: +571-2344480, Email: email@example.com,
SOURCE: Ecopetrol S.A.
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CO: Ecopetrol S.A.
NI: OIL UTI FIN
-0- Aug/27/2013 23:01 GMT
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