Summary by Moomoo AI
Ecopetrol S.A., Colombia's national oil company, has announced the issuance of US$ % Notes due 20 under its SEC-registered shelf offering. The notes, which are unsecured senior obligations, will be offered to the public through a syndicate of underwriters led by BBVA, BofA Securities, and Citigroup. The offering is expected to close on or about 2024. The notes will bear interest at a rate to be determined, payable semiannually, with the maturity date set for 20. Ecopetrol intends to use the net proceeds from the sale of the notes for general corporate purposes, including capital expenditures and refinancing of indebtedness. The notes have not been authorized for public offering in certain jurisdictions and will not be registered under the Colombian National Registry of Securities and Issuers. The announcement details the terms of the offering, the role of the underwriters, and the legal and financial advisors involved.