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Article: Ecopetrol Reports Final Loan Terms.
- Article from:
- PR Newswire
- Article date:
- June 4, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOGOTA, Colombia, June 3 /PRNewswire-FirstCall/ -- Ecopetrol S.A. has reported that it has entered into a loan facility with a group of local banks in the amount of COL$ 2.2 billion under the following terms:
(Logo: http://www.newscom.com/cgi-bin/prnh/20090209/ARM001LOGO )
-- Term of Facility: 7 years, including a 2-year grace period
-- Rate: DTF (fixed term deposit) + 4% (anticipated quarterly rate)
-- Amortization: Bi-annual
-- Guarantee: (coverage: 1.2 times) Stock pledge of Oleoducto Central
S.A. (Ocensa), Refineria de Cartagena S.A. (Reficar), and
Polipropileno del Caribe S.A. (Propilco), companies in which Ecopetrol
has ...