Page 13 - LatAmOil Week 35 2022

LatAmOil NEWS IN BRIEF LatAmOil

INVESTMENT
Moody’s affirms

investment-grade ratings

and outlook for Ecopetrol

Ecopetrol informs that Moody’s Investors Ser-
vice affirmed Ecopetrol’s global credit rating at
Baa3 with a negative outlook and downgraded
its individual rating (BCA) from Ba1 to Ba3.
The rating agency noted that it believes the
Company will be able to meet its financial obli-
gations even in a volatile crude oil price environ-
ment, highlighting the Company’s access to the
global and local capital markets, the availability
of a committed banking credit facility in the
amount of $1.2bn, the cash flow of its subsidiar-
ies ISA and Cenit and the financial support of the
Colombian National Government.
The decision to modify the individual rating date. The gross amount distributed today corre- No. 44, of August 23, 2021, as amended, issued
was primarily based on: (i) debt maturities in sponds to dividends and interest on equity (IOE) by the Brazilian Securities and Exchange Com-
2023, and (ii) the potential impact for the Com- of BRL3.366002 per outstanding common and mission (CVM Resolution 44 and CVM, respec-
pany of the possible changes on environmental preferred share, based on the shareholding posi- tively) and Instruction No. 476, of January 16,
and energy policies. tion as of August 11, 2022. 2009, as amended, issued by the CVM (CVM
Ecopetrol is the largest company in Colombia Income tax will be levied at source on the Instruction 476), and in addition to the Mate-
and one of the main integrated energy compa- amount corresponding to IOE (BRL0.427141 rial Fact released on July 20, 2022, Petro Rio
nies in the American continent, with more than gross per outstanding preferred and common S.A. (PRIO) informs its shareholders and the
18,000 employees. In Colombia, it is responsible share), except for shareholders whose registra- market in general the conclusion of the financial
for more than 60% of the hydrocarbon produc- tion data prove that they are immune, exempt, settlement, on this date, of the first issuance of
tion of most transportation, logistics, and hydro- or shareholders domiciled in countries or juris- simple, non-convertible unsecured debentures,
carbon refining systems, and it holds leading dictions for which the legislation establishes dif- in two series, with corporate guarantee, of its
positions in the petrochemicals and gas distribu- ferent treatment. subsidiary Petro Rio Jaguar Petróleo, enrolled
tion segments. With the acquisition of 51.4% of Credit instructions: The payment will be with the CNPJ/ME under No. 02.031.413/0001-
ISA’s shares, the company participates in energy made by Banco Bradesco, the depositary insti- 69 (PetroRio Jaguar), in the total amount of
transmission, the management of real-time sys- tution of the book-entry shares issued by Petro- BRL2,000,000,000.00 (two billion reais) on the
tems (XM), and the Barranquilla-Cartagena bras. All shareholders whose registration is duly issuance date (Debentures and Issuance, respec-
coastal highway concession. At the international updated will have their rights automatically tively), which was subject to a public offer-
level, Ecopetrol has a stake in strategic basins credited to their bank accounts on today’s date. ing with restricted placement efforts, with: (i)
in the American continent, with Drilling and For shareholders with shares under custody at 1,500,000 (one million and five hundred thou-
Exploration operations in the United States (Per- B3, the payment will be made through their sand) Debentures issued on the first series, with
mian basin and the Gulf of Mexico), Brazil, and respective brokers. maturity on August 15, 2032 (Debentures of the
Mexico, and, through ISA and its subsidiaries, Further information can be obtained at any First Series), and (ii) 500,000 (five hundred thou-
Ecopetrol holds leading positions in the power Bradesco branch. sand) Debentures issued on the second series,
transmission business in Brazil, Chile, Peru, and For ADR holders, payment will take place as with maturity on August 15, 2027 (Debentures
Bolivia, road concessions in Chile, and the tele- of September 8, 2022, through JP Morgan Chase of the Second Series).
communications sector. Bank, Petrobras’ ADR depositary bank. As established in the bookbuilding proce-
Ecopetrol, August 25 2022 Dividends and IOE not claimed within three dure, the Debentures of the First Series will hold
years from the date of payment (August 31, interest corresponding to IPCA+ 7.41% per year,
Petrobras reports on 2022) will prescribe and revert in favor of the and the Debentures of the Second Series will
hold interest corresponding to 100% of the DI
company (Law 6404/76, art. 287, sub II, item a).
payment of remuneration Petrobras, August 31 2022 Rate plus a spread of 2.05% per year, subject to
the formulas set forth in the Instrumento Par-
to shareholders PRIO reports on ticular de Escritura da 1ª (Primeira) Emissão
de Debêntures Simples, Não Conversíveis em
Petrobras, following up on the release disclosed financial settlement Ações, em 2 (Duas) Séries, da Espécie Quiro-
on July 28, 2022, informs that it is carrying out grafária, com Garantia Adicional Fidejussória,
today the payment of the 1st installment of the of debentures para Distribuição Pública com Esforços Res-
remuneration to shareholders approved by its tritos, da Petro Rio Jaguar Petróleo S.A., as
Board of Directors in a meeting held on that In compliance with the terms of the Resolution amended.

Week 35 31•August•2022 www. NEWSBASE .com P13