BOGOTA, April 20 /PRNewswire-FirstCall/ -- As a result of information
published by international media sources regarding the extension of the
deadline to receive debt issuance offers, Ecopetrol S.A.
(NYSE: EC; BVC: ECOPETROL) would like to clarify the following:
-- Ecopetrol does plan on issuing bonds in the capital markets in the year
2009. The amount and timing of the issuance(s) will be determined in
accordance with market conditions.
-- Ecopetrol has not yet submitted a formal request for bond issuance
offers. A market study is currently being conducted in order to determine the
competence and experience of well-positioned firms in the capital markets.
-- In early 2009, the authorization procedure required for access to the
capital markets was commenced. It is expected that the necessary
authorizations will be issued within the time established under the
regulations and will not cause any delay in the schedule.
Contact us for any additional information:
Media Relations (Colombia)
Phone: + 571-234-5377