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Ecopetrol | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC ·  Aug 7 18:06

Summary by Futu AI

Ecopetrol S.A., Colombia's largest integrated energy company, has announced a partial redemption of its 5.375% Notes due in 2026, amounting to U.S.$250 million. The redemption, which is part of the company's comprehensive debt management strategy, is scheduled for September 5, 2024. The outstanding balance of the Notes is U.S.$1.5 billion as of the announcement date. The redemption price is set at approximately U.S.$1,014.95 per U.S.$1,000.00 principal amount, plus accrued and unpaid interest, totaling approximately U.S.$1,025.25 per U.S.$1,000 principal amount. This move aligns with Ecopetrol's financial plan and demonstrates its proactive approach to managing upcoming maturities in 2026. The company, which is responsible for over 60% of Colombia's hydrocarbon production, also has significant operations in the United States, Brazil, and through its subsidiary ISA, in the power transmission business across several Latin American countries.
Ecopetrol S.A., Colombia's largest integrated energy company, has announced a partial redemption of its 5.375% Notes due in 2026, amounting to U.S.$250 million. The redemption, which is part of the company's comprehensive debt management strategy, is scheduled for September 5, 2024. The outstanding balance of the Notes is U.S.$1.5 billion as of the announcement date. The redemption price is set at approximately U.S.$1,014.95 per U.S.$1,000.00 principal amount, plus accrued and unpaid interest, totaling approximately U.S.$1,025.25 per U.S.$1,000 principal amount. This move aligns with Ecopetrol's financial plan and demonstrates its proactive approach to managing upcoming maturities in 2026. The company, which is responsible for over 60% of Colombia's hydrocarbon production, also has significant operations in the United States, Brazil, and through its subsidiary ISA, in the power transmission business across several Latin American countries.

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