Ecopetrol Announces the Convening of Bondholders' Meetings for Domestic Public Debt Bonds on August 18

Rhea-AI Summary

Ecopetrol (NYSE: EC) announced the convening of General Bondholders' Meetings for its outstanding domestic public debt bonds related to the merger by absorption of Parque Solar Portón del Sol into Ecopetrol, approved on March 27, 2026. The meetings are called by the bondholders' legal representatives in accordance with Colombian securities regulations.

For the 2010 CPI-linked issuance (Series A, code COC04CBVP023), with a 30‑year term maturing December 1, 2040, coupon CPI + 4.90% and an outstanding amount of COP 284,300 million, Alianza Valores Fiduciaria set the meeting for August 18, 2026 at 2:00 p.m. (Bogotá time), in person in Bogotá or virtually via Deceval's platform. For the 2013 CPI-linked issuance (code COC04CBVP007), with tranches maturing August 27, 2028 (15 years, CPI + 4.90%, COP 347,500 million) and August 27, 2043 (30 years, CPI + 5.15%, COP 262,950 million), Itaú Fiduciaria set a meeting on August 18, 2026 at 3:30 p.m., also in hybrid format. Agendas include Ecopetrol's report on the merger, opinions from the bondholders' representatives and Fitch Ratings Colombia, and a vote by bondholders on the proposed merger.

Market Context

The platform records low short positioning for EC, adding limited evidence of elevated positioning r...

Analysis

The platform records low short positioning for EC, adding limited evidence of elevated positioning risk. The key watchpoint is the bondholders' decision on the proposed merger.

Key Figures

Meeting date: August 18, 2026 Merger approval date: March 27, 2026 2010 bond amount: COP 284,300 million +4 more

7 metrics

Meeting date August 18, 2026 General meetings for domestic bondholders

Merger approval date March 27, 2026 General Shareholders' Meeting approval

2010 bond amount COP 284,300 million Series A bonds maturing December 1, 2040

2010 coupon rate CPI + 4.90% 2010 Series A domestic bonds

2013 bond amount COP 347,500 million Bonds maturing August 27, 2028

2013 bond amount COP 262,950 million Bonds maturing August 27, 2043

2013 coupon rate CPI + 5.15% 2013 bonds maturing August 27, 2043

Historical Context

5 past events · Latest: Aug 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 05	Brava acquisition	Positive	+6.2%	Auction completed for approximately 25% of Brava Energia's share capital.
Jul 20	Brava tender offer	Positive	+3.1%	Ecopetrol resumed its Brazilian tender offer for 116,110,717 Brava shares.
Jul 20	Cybersecurity update	Positive	+3.1%	Updated analysis indicated the cybersecurity incident's impact was limited to file downloads.
Jul 17	Cybersecurity incident	Negative	-0.4%	Unauthorized access affected cloud storage and data linked to approximately 3,300 accounts.
Jul 16	CVM appeal decision	Positive	-1.1%	CVM ruled in favor of Ecopetrol's subsidiary in the tender-offer appeal.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Four of five recent news events aligned with their recorded 24-hour price reactions; one positive regulatory decision diverged.

Key Terms

merger by absorption, cpi-linked bonds, bondholders' representatives, forward-looking statements

4 terms

merger by absorption regulatory

"the merger by absorption between Ecopetrol S.A., as the surviving company"

Merger by absorption is a corporate transaction in which one company takes over and absorbs another so the absorbed company is dissolved and its assets, liabilities and operations become part of the surviving company. It matters to investors because it changes ownership, share counts and the identity of the company they own—similar to two households combining into one—so shareholders of the absorbed firm typically receive cash or shares in the surviving entity and their original stock is retired.

cpi-linked bonds financial

"consisting of CPI-linked bonds denominated in Colombian pesos"

Bonds whose interest payments and/or principal are automatically adjusted based on changes in the consumer price index (CPI), a common measure of inflation. They matter to investors because the adjustments preserve the real value of returns as prices rise or fall, similar to a salary that increases with the cost of living, and therefore behave differently than fixed-rate bonds in inflationary or deflationary environments.

bondholders' representatives financial

"acting as legal representatives of the holders of Ecopetrol's outstanding local bond issuances"

An appointed person or entity that acts on behalf of a group of bond investors to protect their legal and financial rights under a bond agreement. Like a trusted agent or legal guardian for creditors, the representative monitors covenant compliance, communicates with the issuer, collects payments or interest if needed, and can take legal action or negotiate during defaults or restructurings, so investors have a single point of enforcement and coordination.

forward-looking statements regulatory

"This release contains statements that may be considered forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOGOTÁ, Colombia, Aug. 7, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") announces that, in connection with the merger by absorption between Ecopetrol S.A., as the surviving company, and Parque Solar Portón del Sol S.A.S., as the absorbed company (the "Merger"), approved by Ecopetrol's General Shareholders' Meeting on March 27, 2026, the Company is convening the holders of its local bonds to consider the Merger through General Bondholders' Meetings, in compliance with the regulations applicable to securities issuers, particularly Article 6.4.1.1.42 of Decree 2555 of 2010.

For this purpose, Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A., acting as legal representatives of the holders of Ecopetrol's outstanding local bond issuances (the "Bondholders' Representatives"), at the Company's request and pursuant to Article 6.4.1.1.18 of Decree 2555 of 2010, have issued the first notices of call for the General Bondholders' Meetings corresponding to the 2010 and 2013 issuances, through notices published in the newspaper La República, as set forth below:

2010 Outstanding Bond Issuance

Alianza Valores Fiduciaria S.A. hereby gives notice that it has convened a meeting of bondholders to be held on August 18, 2026, at 2:00 p.m. (Bogotá, D.C. time). Bondholders may attend the meeting either (i) in person, at Carrera 37 No. 24-24, Centro de Innovación Bogotá, Bogotá, D.C., Colombia, or (ii) virtually, via videoconference through the electronic platform of Colombia's Central Securities Depository (Depósito Centralizado de Valores de Colombia — Deceval S.A.). The meeting is being convened in accordance with Article 19 of Law 222 of 1995 and Decree 398 of 2020 of Colombia. The link for virtual attendance is set forth below:

https://asambleadebonosecopetrol2010.azurewebsites.net

The outstanding 2010 issuance, Series A, consisting of CPI-linked bonds denominated in Colombian pesos, has the following characteristics:

 

Issuance	Placement Date	Maturity Date	Term (Years)	Coupon Rate	Outstanding Amount (COP million)
COC04CBVP023	Dec. 1, 2010	Dec. 1, 2040	30	CPI + 4.90%	284,300

Agenda

1. Verification of quorum.
2. Review and approval of the agenda.
3. Delegation to the Bondholders' Representatives for the appointment of the Chairperson and Secretary of the meeting, in accordance with Section 4.3.3 of Chapter I, Title I, Part III of Legal Circular 006 of 2025 issued by the Superintendencia Financiera de Colombia (Colombian Financial Superintendence).
4. Appointment of the committee responsible for approving the minutes of the meeting.
5. Presentation of Ecopetrol's report regarding the proposed Merger.
6. Report on the opinion issued by Alianza Fiduciaria S.A., in its capacity as Legal Representative of the Holders of the Domestic Public Debt Bonds issued in 2010.
7. Reading of the opinion issued by Fitch Ratings Colombia S.A.S.
8. Vote and decision by the bondholders with respect to the proposed Merger.

2013 Outstanding Bond Issuance

Itaú Fiduciaria Colombia S.A. hereby gives notice that it has convened a meeting of bondholders to be held on August 18, 2026, at 3:30 p.m. (Bogotá, D.C. time). Bondholders may attend the meeting either (i) in person at Carrera 37 No. 24-24, Centro de Innovación Bogotá, Bogotá, D.C., Colombia, or (ii) virtually, via videoconference through the electronic platform of Colombia's Central Securities Depository (Depósito Centralizado de Valores de Colombia — Deceval S.A.). The meeting is convened in accordance with Article 19 of Law 222 of 1995 and Decree 398 of 2020 of Colombia. The link for virtual attendance is set forth below:

https://asambleadebonosecopetrol2013.azurewebsites.net

The outstanding 2013 CPI-linked bond issuance denominated in Colombian pesos has the following characteristics:

 

Issuance	Placement Date	Maturity Date	Term (Years)	Coupon Rate	Outstanding Amount (COP million)
COC04CBVP007	Aug. 27, 2013	Aug. 27, 2028	15	CPI + 4.90%	347,500
COC04CBVP007	Aug. 27, 2013	Aug. 27, 2043	30	CPI + 5.15%	262,950

Agenda

1. Verification of quorum.
2. Review and approval of the agenda.
3. Appointment of the Chairperson and Secretary of the meeting, in accordance with Section 4.3.3 of Chapter I, Title I, Part III of Legal Circular 006 of 2025 issued by the Superintendencia Financiera de Colombia (Colombian Financial Superintendence).
4. Appointment of the committee responsible for approving the minutes of the meeting.
5. Presentation of Ecopetrol's report regarding the proposed Merger.
6. Presentation of the opinion issued by Itaú Fiduciaria Colombia S.A. (formerly Helm Fiduciaria S.A.), acting in its capacity as legal representative of the bondholders.
7. Reading of the opinion issued by Fitch Ratings Colombia S.A.S.
8. Vote and decision by the bondholders with respect to the proposed Merger.

For further information regarding the general requirements and conditions for participating in the bondholders' meetings, please visit:

https://www.ecopetrol.com.co/wps/portal/Home/es/Inversionistas/asamblea-de-tenedores-de-bonos-2026

---------------------- 

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla–Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with drilling and exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. 

For more information, please contact:

Investor Relations Office
Email: investors@ecopetrol.com.co 

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 

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SOURCE Ecopetrol S.A.

FAQ

What is Ecopetrol (NYSE: EC) convening bondholders to decide on August 18, 2026?

Bondholders are being convened to vote on the proposed merger by absorption of Parque Solar Portón del Sol into Ecopetrol. According to Ecopetrol, the meetings will review reports and opinions before a formal bondholder decision on the Merger.

When and where are Ecopetrol's 2010 domestic bondholders meeting on the merger taking place?

The 2010 bondholders meeting is scheduled for August 18, 2026 at 2:00 p.m. (Bogotá time). According to Ecopetrol, holders may attend in person in Bogotá or virtually via Deceval’s electronic platform using the dedicated 2010 issuance meeting link.

What are the key terms of Ecopetrol's 2010 CPI-linked domestic bonds under discussion (symbol EC)?

The 2010 outstanding Series A bonds are CPI-linked, denominated in Colombian pesos, maturing December 1, 2040. According to Ecopetrol, they have a 30‑year term, a coupon of CPI + 4.90%, and an outstanding amount of COP 284,300 million.

What are the characteristics of Ecopetrol's 2013 CPI-linked bond tranches being voted on?

The 2013 issuance includes two CPI-linked tranches in Colombian pesos. According to Ecopetrol, one matures August 27, 2028 (15 years, CPI + 4.90%, COP 347,500 million) and another August 27, 2043 (30 years, CPI + 5.15%, COP 262,950 million).

How can Ecopetrol bondholders participate virtually in the August 18, 2026 meetings?

Bondholders can participate virtually through videoconference on Deceval’s electronic platform using specific meeting links for the 2010 and 2013 issuances. According to Ecopetrol, detailed participation requirements are available on its investor website for the 2026 bondholders’ meetings.

What is on the agenda of Ecopetrol's bondholders' meetings regarding the 2026 merger vote?

Agendas cover quorum verification, approvals of the agenda, appointment of officers and minute committees. According to Ecopetrol, they also include its merger report, opinions from bondholders’ representatives and Fitch Ratings, and the bondholders’ vote on the proposed Merger.