Ecopetrol S.A., Colombia's largest integrated energy company, has announced a second call for an ordinary meeting of bondholders after failing to meet the required quorum for a meeting initially scheduled for May 20, 2024. The meetings are to discuss the statutory reform approved by the Ordinary General Assembly of Ecopetrol Shareholders on March 22, 2024. The reform pertains to the modification of the company's corporate purpose. The bondholders of the 2010 and 2013 issues are summoned by Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A., respectively. The meetings are set for May 29, 2024, with options for in-person attendance in Bogotá or virtual participation. The 2013 bonds, with an outstanding amount of COP 610,450 million, and the 2010 bonds, with COP 284,300 million outstanding, are...Show More

Ecopetrol S.A., Colombia's largest integrated energy company, has announced a second call for an ordinary meeting of bondholders after failing to meet the required quorum for a meeting initially scheduled for May 20, 2024. The meetings are to discuss the statutory reform approved by the Ordinary General Assembly of Ecopetrol Shareholders on March 22, 2024. The reform pertains to the modification of the company's corporate purpose. The bondholders of the 2010 and 2013 issues are summoned by Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A., respectively. The meetings are set for May 29, 2024, with options for in-person attendance in Bogotá or virtual participation. The 2013 bonds, with an outstanding amount of COP 610,450 million, and the 2010 bonds, with COP 284,300 million outstanding, are both denominated in pesos with variable IPC rates. The agenda includes verification of quorum, approval of the agenda, appointment of assembly officials, presentation of reports by Ecopetrol and the legal representatives of the bondholders, and a decision on the statutory reform. Ecopetrol, which employs over 18,000 people, is a key player in Colombia's hydrocarbon production and has expanded its reach internationally with operations in the United States, Brazil, and Mexico, and through its majority stake in ISA, it is involved in energy transmission and other infrastructure projects across the Americas.