PDVSA Finance calls seven series of notes totaling over $83 million

By Angela McDaniels

Seattle, March 16 - PDVSA Finance Ltd. will call for redemption over $83 million of its notes in seven series on April 11, according to a 6-K report filed with the Securities and Exchange Commission on Monday.

Notes to be called include its $3.03 million 9 3/8% notes due 2007, $6.14 million 6.8% notes due 2008, $24.19 million 9¾% notes due 2010, $28.87 million 8½% notes due 2012, $12.67 million 7.4% notes due 2016, $2.95 million 9.95% notes due 2020 and $5.21 million 7½% notes due 2028.

The company will pay par plus accrued interest up to but excluding the redemption date and a make-whole premium.

PDVSA is based in the Cayman Islands. It is a subsidiary of Petroleos de Venezuela SA, Venezuela's state-owned oil company.

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