Business
Ecopetrol S.A. obtains authorization from the Financial Superintendency of Colombia to amend its Local Public Bond and Commercial Paper Issuance and Placement Program
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company" or "Ecopetrol") announces that the Financial Superintendency of Colombia (SFC), through Resolution 1139 dated June 11, 2025[1], authorized an amendment to the prospectus for the issuance and placement program (the "PEC" or the "Program") of Ecopetrol's local public bonds and commercial paper.
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Colombia, July 1, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company" or "Ecopetrol") announces that the Financial Superintendency of Colombia (SFC), through Resolution 1139 dated June 11, 2025[1], authorized an amendment to the prospectus for the issuance and placement program (the "PEC" or the "Program") of Ecopetrol's local public bonds and commercial paper.","length":445,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Ecopetrol S.A.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Ecopetrol S.A.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ntYhuyKX4q5Z0wbsUa4tqg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320","width":400,"height":141}},"href":"https://mma.prnewswire.com/media/2321203/ecopetrol_s_a__logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This amendment, formalized through Addendum No. 5, will be incorporated into the Program's prospectus and will include the following key updates:","length":149,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Issuance, under the PEC, of local public bonds linked to sustainable performance, as well as bonds for specific purposes (green, social, sustainable, and blue bonds);","length":171,"tagName":"p"}]},{"val":[{"type":"text","content":"Issuance of bonds that allow in-kind payments by investors;","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Reopening of bond issuances carried out under the PEC;","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Issuance of bonds indexed to the UVR (Real Value Unit);","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Issuance of bonds indexed to the TRM (Representative Market Exchange Rate); and","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Allocation of securities through a book-building process.","length":57,"tagName":"p"}]}],"tagName":"ol","bulletedList":false,"length":490,"olType":"1"},{"type":"text","content":"This amendment aims to align the Program with Ecope...