Ecopetrol S.A. announces that, as part of its comprehensive debt management strategy, it will redeem U.S.$250 million of its 5.375% Notes due 2026 (the "Notes") (CUSIP: 279158 AL3 / ISIN: US279158AL39). The outstanding balance of the Notes is U.S.$1.5 billion as of the date hereof.
The redemption date of the bonds will take place on September 5, 2024 (the "Redemption Date") at a redemption price equal to, approximately, U.S.$1,014.95 per U.S.$1,000.00 principal amount outstanding (approximately U.S.$253,737,148.23 for U.S.$250,000,000.00 aggregate principal amount of the Notes outstanding), plus accrued and unpaid interest to the Redemption Date equal to U.S.$10.30 per U.S.$1,000 principal amount outstanding (approximately U.S.$2,575,520.83 for U.S.$250,000,000.00 aggregate principal amount of the Notes outstanding), amounting to, approximately, U.S.$1,025.25 per U.S.$1,000 principal amount outstanding (approximately U.S.$256,312,669.06 for U.S.$250,000,000.00 aggregate principal amount of the Notes outstanding), to be finally calculated three business days prior to the Redemption Date.
The redemption is in line with the objectives of the financial plan and confirms Ecopetrol S.A.'s commitment to proactively manage the refinancing of maturities in 2026.
