OREANDA-NEWS. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces the results of the external public debt bond placement carried out today:

Term: 10 years and 4 months

Amount placed: One billion two hundred million dollars (USD 1,200,000,000)

Date of offering: September 9, 2014

Credit Rating:

• Moody's Investors Service: Baa2

o Standard & Poor's Ratings Services: BBB

• Fitch Ratings: BBB

Amortization of principal: At maturity

Summary of the Ecopetrol S.A. External Public Debt Bond Issuance

Term: 10 years and 4 months

Maturity date: January 16, 2025

Amount: USD 1,200,000,000

Price: 99.001

Yield: 4.246%

Spread to Benchmark U.S. Treasury Bond: 175 basis points

Coupon rate: 4.125%

Interest payment date: January 16, July 16

Ecopetrol S.A. will use the proceeds obtained from this issuance for general corporate purposes, including capital expenditures.

Ecopetrol is Colombia's largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 50 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and is entering into the biofuels business.