Ecopetrol Unveils $2 Billion Debt Plan to Fund Inorganic Investments

Ecopetrol S.A. (EC) , the Colombian majority state-owned energy firm, has announced plans to take on $2 billion of additional debt this year to finance inorganic investments. The company is exploring options to seek funding through banks and capital markets. Its board has approved the additional debt funding, which includes$1 billion in structural debt. Further, $1 billion has been authorizedas a temporary measure, as mentioned by a company spokesperson.The debt would be used for inorganic projects, such a ...