Ecopetrol to repay 2019s with cash amid Colombia bond drought

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Ecopetrol to repay 2019s with cash amid Colombia bond drought

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Ecopetrol, the Colombian state oil company, said on Wednesday that it would redeem a $1.5bn bond maturing in 2019 with cash and confirmed that next year’s $3.5bn-$4bn investment programme would be self-financed. Colombia continues to provide slim pickings for bond markets.

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