BBVA, together with Bank of America Securities and Citigroup Capital Markets, led Ecopetrol’s new issuance of corporate debt in the U.S. market in the amount of $1.85 billion. This placement consolidates BBVA’s role as one of the top financial institutions in the structuring, placement and sale of corporate bonds.
“For BBVA, it is very important to continue supporting Colombian businesses in the search for capital to grow. Ecopetrol has been a fundamental client for our bank - not only because it is the largest company in the country, but also due to its proven commitment to transition to cleaner energy. With this operation, BBVA is ratifying its promise to accompany our clients looking for financing options in capital markets. I would like to thank the entire team that made this successful debt issue possible,” said Carlos Alberto Rodríguez, head of CIB at BBVA in Colombia.
The oil company’s new debt issue is characterized by the issuance of 12-year debt securities, including the repurchasing of the bonds with a 2025 maturity. The operation began on January 9th, with high demand.
It is important to note that BBVA has actively participated in the debt market, issuing the first social bond in Colombia and the first blue bond, as well as other operations with private companies.