EC finance to fully redeem 3% sustainability notes due 2026

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced the full redemption of its 5.375% notes maturing in June 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39), which were originally issued in 2015. The outstanding balance of these notes amounts to USD 447,168,000. The redemption is expected to occur on November 21, 2024, with a preliminary redemption price of approximately USD 1,010.31 per USD 1,000 principal amount, plus accrued interest, totaling an estimated USD 461,325,501.51 for full redemption.

This move aligns with Ecopetrol’s broader debt management strategy and reflects the company’s proactive approach to addressing its 2026 debt obligations. The decision underscores Ecopetrol’s commitment to maintaining a strong balance sheet and optimizing its capital structure amid evolving market conditions.

As the largest integrated energy company in Colombia, Ecopetrol plays a critical role in the country’s energy infrastructure and has a significant presence in Latin American energy markets. The redemption of these notes is part of its ongoing efforts to manage liquidity and reduce refinancing risks in the medium term.