Bladex Strengthens Its Commitment to Colombia by co-leading a USD 530 Million Financing for Ecopetrol

Bladex (NYSE: BLX) today announced the successful closing of a Club Deal in the total amount of USD 530 million, in which it co-led the transaction and acted as agent bank, in favor of Ecopetrol S.A., Colombia’s largest company and one of the leading energy companies in Latin America.

The transaction, with a five-year tenor, is intended to finance Ecopetrol’s investment plan, strengthening its execution capacity and sustainable growth strategy. Ecopetrol is a publicly owned company, with majority state ownership, listed on the Colombia Stock Exchange and the New York Stock Exchange (NYSE).

“This transaction reaffirms Bladex’s commitment to Colombia, a country where the bank has a local office and a longstanding presence supporting strategic companies that drive national and regional economic development,” said Jorge Pareja, Bladex’s Country Manager in Colombia.

The transaction adds to other significant financings led by Bladex for Ecopetrol. In 2023, the bank led a USD 1.0 billion financing, demonstrating that this new syndication is not an isolated transaction, but rather part of a long-term financial relationship based on trust, strength, and a regional vision.

With this new loan, Bladex continues to strengthen its role as a reference bank for financing large corporations in Latin America, supporting key sectors for the region’s development.