Ecopetrol carries out a successful bond issue in the international market for USD 2,000 million

This Ecopetrol release was published using machine translation.

Ecopetrol SA (BVC: ECOPETROL; NYSE: EC) reports that, as part of its refinancing and financing strategy for the 2023 investment plan, it successfully placed External Public Debt Bonds in the international capital market, based on the authorization issued by the Ministry of Finance and Public Credit through Resolution 0054 of January 10, 2023, for USD2,000 million under the following conditions:

Issue Summary

Term

10 years

Transaction date

January 10, 2023

Compliance date (t+3)

January 13, 2023

Due date

January 13, 2033

Face Amount

$2 billion

Price

99,187

Performance

9,000%

Coupon Rate

8.875%

Periodicity

Biannual

Rating (Moody's/S&P/Fitch)

Baa3 / BB+ / BB+

The book of the issuance reached a value of more than US$ 6,000 million, equivalent to approximately 3 times the amount placed and had the demand of around 320 investors from the United States, Europe, Asia and Latin America. The conditions obtained show a better market environment at the beginning of 2023 and ratify the confidence of investors and the international financial sector in the company, its recent operating and financial results, its proactive management of maturities in 2023 and its investment plan. recently announced.

The allocation of the issuance resources is for:

Yo. Make the prepayment of the balance of the credit authorized by resolution 1928 of August 13, 2021 obtained to finance the acquisition of 51.4% of Interconexión Eléctrica SA (ISA); and,

ii. Finance Ecopetrol's 2023 organic investment plan and other non-investment expenses, including the refinancing of obligations that mature in 2023.

The international capital market provides Ecopetrol with the depth of demand and investor diversification that allows access to financing resources at competitive levels.

In development of this transaction, the Company prepared a presentation for investors that can be found at the following link: http://www.ecopetrol.com.co/wps/wcm/connect/bdd2797e-54da-4f7c-bcec-80960fc6b899/ Ecopetrol_Investor+Presentation.pdf?MOD=AJPERES&attachment=false&id=1673362130657