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Loans and borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Loans and borrowings

Schedule of composition of loans and borrowings

​

​	​	​	​	​	​	​	​	​
​	​	Interest rate*			​	June 30,	​	December 31,
​		2024		2023		2024		2023
​	​	​	​	​	​	(Unaudited)	​	​
Local currency	​		​		​		​
Bonds		11.0	%	12.4	%	5,199,527	​	5,172,256
Syndicate and commercial loans		12.8	%	12.9	%	4,155,058	​	4,323,198
Lease liabilities	​	9.5	%	8.9	%	832,385	​	922,536
​		​	​	​	​	10,186,970	​	10,417,990
Foreign currency						​	​	​
Bonds (1)		6.8	%	6.4	%	81,915,520	​	72,774,985
Commercial and syndicate loans		7.3	%	7.2	%	21,698,959	​	21,478,503
Loans from related parties (Nota 30)		6.0	%	6.0	%	763,891	​	683,949
Lease liabilities		6.4	%	6.0	%	454,226	​	460,100
​		​	​	​	​	104,832,596	​	95,397,537
​		​	​	​	​	115,019,566	​	105,815,527
Current		​	​	​		16,039,201	​	15,550,008
Non–current		​	​	​		98,980,365	​	90,265,519
​		​	​	​	​	115,019,566	​	105,815,527

* Weighted average effective interest rate for the end of each period.

(1) As part of the refinancing and financing strategy, Ecopetrol S.A. successfully issued External Public Debt Bonds in the international capital market on January 9, 2024, for USD$1,850 million, with a maturity of 12 years, with a coupon rate of 8.375%.

​

Likewise, Ecopetrol S.A. made a public offering of its international bonds maturing in January 2025 (issued in 2014). The nominal amount in circulation of the bond is USD $1,200 million and with a coupon rate of 4.125%. As a result, offers were received for USD$737,350,000 of the total amount of the bonds, reaching a repurchase rate of 61.45%.

​

Schedule of maturity of loans and borrowings

​

​	​	​	​	​	​	​	​	​	​	​
​		Up to 1 year		1 - 5 years		5-10 years		> 10 years		Total
Local currency
Bonds		256,361		1,260,604		1,541,559		2,141,003		5,199,527
Syndicate and commercial loans		543,839		2,332,016		1,081,286		197,917		4,155,058
Lease liabilities	​	218,081	​	407,498	​	205,644	​	1,162	​	832,385
​		1,018,281		4,000,118		2,828,489		2,340,082		10,186,970
Foreign currency		​		​		​		​		​
Bonds		5,199,872		26,637,463		29,716,531		20,361,654		81,915,520
Syndicate and commercial loans	​	8,974,990	​	10,896,344	​	1,332,783	​	494,842	​	21,698,959
Lease liabilities	​	82,167	​	154,877	​	161,802	​	55,380	​	454,226
Loans from related parties		763,891		—		—		—		763,891
​		15,020,920		37,688,684		31,211,116		20,911,876		104,832,596
Balance as of June 30, 2024 (Unaudited)		16,039,201		41,688,802		34,039,605		23,251,958		115,019,566

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The disclosure of detailed information about borrowings by maturity.

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The disclosure of detailed information about borrowings. [Refer: Borrowings]

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