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View Full Version : Venezuela Sells $3 Billion of 11.75% Bonds Due in 2026 - Bloomberg



NewsWhore
10-17-2011, 01:10 PM
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Venezuela Sells $3 Billion of 11.75% Bonds Due in 2026 (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEM_GiT6jklWCSyUckFVz5Q4hqBIA&url=http://www.bloomberg.com/news/2011-10-17/venezuela-sells-3-billion-of-11-75-bonds-due-in-2026.html)
Bloomberg
Venezuelans who bought them in bolivars at the official rate of 4.3 per dollar, at a price of 95 cents on the dollar, can sell the bonds abroad at a discount to obtain foreign currency as a way to skirt controls imposed in 2003. ...

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