BNY Mellon Corporate Trust has been appointed trustee, registrar, paying agent, transfer agent and exchange agent for Colombia-based oil company, Ecopetrol’s $1.5 billion bond issue. The proceeds will be used for general corporate purposes, including working capital and capital expenditures.
Reportedly, BNY Mellon Corporate Trust will provide a variety of services for the debt issue, including processing principal and interest payments and maintaining bondholder records.
James Maitland, managing director and head of BNY Mellon Corporate Trust’s international business, said: “As the world’s leading corporate trust provider, we are well positioned to support Ecopetrol in this issuance, the success of which is a sign of investor confidence in the Colombian economy. We are committed to servicing the growing needs of issuers across Latin America, and this mandate by one of the largest companies in the region illustrates the market’s trust in our global capabilities and expertise.”
