April 24, 2020 / 2:45 PM / a month ago

Ecopetrol to issue up to $2 bln in bonds, warns Q1 results will be hit by COVID-19

BOGOTA, April 24 (Reuters) - Colombia’s majority state-owned oil company Ecopetrol will issue up to $2 billion in bonds, the company said on Friday, and warned its first-quarter results will be negatively hit by the coronavirus outbreak.

Ecopetrol expects its first-quarter consolidated net income to fall by 52% to 65% compared to the year-earlier period, it said in a statement. (Reporting by Oliver Griffin)

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