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View Full Version : PDVSA Planning $1.5 Billion Bond Offering to Repay Venezuelan Central Bank - Bloomber



NewsWhore
06-23-2011, 03:50 PM
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PDVSA Planning $1.5 Billion Bond Offering to Repay Venezuelan Central Bank (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFWOaJkLRS22qoo1RPFzXj8bNEd4A&url=http://www.bloomberg.com/news/2011-06-23/petroleos-de-venezuela-to-issue-1-5-billion-of-bonds-to-pay-central-bank.html)
Bloomberg
The central bank sells the securities through its currency market known as Sitme to importers at an exchange rate of 5.3 bolivars per dollar. “The market has been expecting new issuance, but this way of putting a bond out on top of an existing issue, ...

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