Bond Ecopetroleum 8.875% ( US279158AS81 ) in USD
Issuer | Ecopetroleum |
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Interest rate | 8.875% per year ( payment 2 times a year) |
Maturity | 12/01/2033 |
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Cusip | 279158AS8 |
Standard & Poor's ( S&P ) rating | BB ( Non-investment grade speculative ) |
Moody's rating | Ba1 ( Non-investment grade speculative ) |
Next Coupon | 13/01/2026 ( In 166 days ) |
Detailed description |
Ecopetrol S.A. is a Colombian multinational oil and gas company, the largest in the country, engaged in exploration, production, refining, transportation, and commercialization of hydrocarbons. A notable fixed-income instrument currently attracting attention in the market is an Ecopetrol bond, specifically identified by its ISIN US279158AS81 and CUSIP 279158AS8. Ecopetrol, the bond's issuer, stands as Colombia's largest company and a preeminent integrated oil and gas enterprise across Latin America, deeply involved in the exploration, production, refining, and transportation of crude oil and natural gas; as the national oil company of Colombia, its operations are central to the nation's economic output and energy security, positioning it as a significant entity for investors seeking exposure to the South American energy sector. This particular bond, issued from Colombia and denominated in U.S. Dollars (USD), offers investors a substantial annual interest rate of 8.875%, with coupon payments disbursed semi-annually, reflecting a frequency of two times per year, and is set to mature on January 12, 2033. On the market, the bond is presently trading at 102.7% of its par value, indicating a premium over its face amount. Its credit profile has been evaluated by prominent rating agencies: Standard & Poor's (S&P) has assigned it a 'BB' rating, while Moody's has rated it 'Ba1,' both classifications placing the bond within the speculative, or 'non-investment grade,' category, which implies a higher degree of credit risk yet often corresponds to a higher yield to compensate investors for that increased risk. |