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Venezuela's PDVSA talks $3 billion notes due 2022 at 12¾% yield
By Christine Van Dusen
Atlanta, Feb. 10 - Venezuela's Petroleos de Venezuela SA (PDVSA) set price talk for its planned $3 billion offering of notes due 2022 at 12¾%, a market source said Thursday.
The notes, which are expected to price Friday, can be purchased at a rate of 4.3 bolivars to the dollar and then traded abroad in dollars.
Proceeds will be used to finance investment projects and for general corporate purposes.
PDVSA is a state-owned oil company.
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