Ecopetrol will place 300 million dollars of bonds in the country and 240 million dollars in participation securities that will give the right to the direct production of hydrocarbons from the fields owned by Ecopetrol. The other 300 million will be placed in the international markets as a securitization of the right of production of Cusiana.
Colombia's biggest electricity distributor, Interconexion Electrica S.A. E.S.P . I.S.A. is also in the initial process of issuing shares in a full registered IPO in Colombia and abroad, with specific tranches particularly designed for the public and ISA employees.
Prepared by Gonzalo Alvarez from Gomez Pinzon & Asociados. Bogota Colombia.
The content of this article is intended to provide a general guide but specialist advice should be sought about your specific circumstances.
GOMEZ PINZON & ASOCIADOS Carrera 9 No. 73-24 Pisos 1,2,3 y 5 Santafe de Bogota, Colombia Telephone : 571- 3107055/ 5066 Facsimile : 571- 3106646/6657 http://ourworld.compuserve.com/homepages/GOMEZP_LAW