Ecopetrol sells 2 billion dollars of 2034 bonds at 7.98 percent

Ecopetrol has sold 2 billion dollars of bonds due 2034 at a 7.98 percent yield, its first cross-border bond sale in two years, to begin replacing the short-term borrowing behind its takeover of Brazil's Brava Energia.

Why it matters: The sale starts the long-term refinancing of the Brava acquisition, which added about 1.1 billion dollars to Ecopetrol's net debt and 3.7 billion dollars of Brava debt to its balance sheet, and sets a near 8 percent cost as the company's new long-term borrowing benchmark.

Data as of El Tiempo, November 9, 2026, in Spanish; pricing terms verified in full through Finimize's account of the IFR pricing report and Moody's statement, which agrees with El Tiempo and LatinFinance on the size, maturity and purpose. Developing item.

Ecopetrol has sold 2 billion dollars of SEC-registered bonds due 2034 at a 7.98 percent yield, priced just inside the roughly 8 percent level at which the notes were marketed, according to IFR. The proceeds will buy back some outstanding bonds and fund general corporate purposes, including internal loans that repay part of the bridge financing used for the Brava Energia acquisition, Moody’s Ratings said.

The deal is Ecopetrol’s first return to the cross-border bond market in two years and the first step in the long-term refinancing the company promised when it took control of Brava in August, initially funded with a bridge facility of about 1.2 billion dollars. Brava-related financing has raised Ecopetrol’s net debt by about 1.1 billion dollars since June 30, and Brava’s roughly 3.7 billion dollars of debt moved onto its balance sheet on consolidation.

Ecopetrol sells 2 billion dollars of 2034 bonds at 7.98 percent

Sources