PdVSA Defines Bond Sale

PdVSA Defines Bond Sale

Venezuela Bonds

Petroleos de Venezuela (PdVSA) has come out with additional information on this week’s $4.5bn bond sale. The 6.0% coupon 2026 notes will feature amortization payments in each of the final three years, it says. The bonds will be sold in a private placement, with proceeds to be used for corporate finance and investment. Some $3bn is to be sold to PdVSA suppliers and the remainder placed with the country’s central bank. Officials at the state-owned oil producer were unable to provide additional det

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