Ecopetrol S.A. announces Local Bond Issuance and Placement of
COP$600,000,000,000 by means of a Notice of Public Offer in Colombia
BOGOTA, Colombia, Aug. 26, 2013 /CNW/ - Ecopetrol S.A. (BVC: ECOPETROL; NYSE:
EC; TSX: ECP) informs, by means of a notice of public offer, its first local
public bond issuance and placement in Colombia in an aggregate principal
amount of six hundred billion pesos (COP$600,000,000,000) (the "Bonds"), under
its COP$3 Trillion Program of Issuance and Placements of Bonds and Commercial
Paper (the "Program"). The Bonds principal terms are described below.
(Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO )
-- Total amount: nine hundred billion pesos (COP$900,000,000,000).
-- Amount of first tranche: Six hundred billion pesos
(COP$600,000,000,000), with an over-allotment option of up to
three hundred billion pesos (COP$300,000,000,000).
-- Issue date: August 27, 2013.
-- Use of proceeds: Financing of the Company's Investment Plan.
-- Minimum denomination: Fifty million pesos (COP$50,000,000).
-- Subseries and maturity date: The following sets forth the
maturity dates of each subseries of Bonds:
Series C: Peso-denominated variable CPI rate bonds
Maturity date 5 years 10 years 15 years 30 years
Subseries C5 C10 C15 C30
-- Amortization: At maturity.
-- Yield: payable semi-annually
This announcement is not an offer for sale of or a solicitation of any offer
to buy any securities of Ecopetrol in any transaction. If and when issued, the
securities will not be registered under the US Securities Act of 1933, as
amended (the "Securities Act"). The securities may not be offered or sold in
the United States absent registration with the US Securities and Exchange
Commission or pursuant to an applicable exemption from the registration
requirements of the Securities Act and applicable securities laws.
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, Claudia Trujillo (a), +571-234-5190,
firstname.lastname@example.org; Media Relations (Colombia), Mauricio Tellez,
+571-2345377, Fax: +571-2344480, email@example.com
SOURCE: Ecopetrol S.A.
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CO: Ecopetrol S.A.
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-0- Aug/27/2013 02:26 GMT
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