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Ecopetrol grosses $1.49 billion from debt offering

Ecopetrol SA raised gross proceeds of $1.49 billion from an offering of 5.375% senior unsubordinated unsecured notes due June 26, 2026.

The company plans to use the proceeds for general corporate purposes or working capital.

Credit Suisse (USA) Inc. and HSBC Securities (USA) Inc. were the lead underwriters.