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Colombia's Ecopetrol sells $2.5 billion in bonds

Thursday, September 12, 2013


Ecopetrol, the Colombian state oil company, sold $2.5 billion in debt Wednesday.

Ecopetrol plans to use most of the funds from the bond sale for overseas investments.

The country's finance minister said would avert an influx of dollars in the local spot market and deflect any pressure on the Colombian peso.




Source: Nasdaq