by Amruth Sundarkumar | Jan 30, 2023 | High Yield Bonds
Ecopetrol’s dollar bonds were down by 1-1.8 points across the curve after its CEO Felipe Bayon said that he would step down amid a halt in new oil and gas exploration contracts. With Colombia making a transition to renewable energy, the government is said to be...
by Amruth Sundarkumar | Jan 31, 2022 | Corporates, High Yield Bonds
Ecopetrol’s dollar bonds continued its declines last week after Colombia’s presidential election frontrunner Gustavo Petro repeatedly vowed to halt oil drilling as soon as he takes office. “Political noise will incrementally take center stage, as the country...
by Amruth Sundarkumar | Oct 18, 2021 | Corporates
Colombia’s state-owned oil company Ecopetrol received approval from Superfinanciera, a financial regulator to carry out a share sale on the local stock exchange to lower the government’s stake in the company. Ecopetrol could sell up to 4.3mn shares to lower the...
