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Prospect News home > News index > List of issuers P > Headlines for PDVSA (Petroleos de Venezuela SA) > News item
Published on 5/16/2012 in the Prospect News Emerging Markets Daily.

PDVSA postpones $3 billion 23-year bond due to market conditions

By Aleesia Forni

Columbus, Ohio, May 16 - Petroleos de Venezuela (PDVSA) continues to push back its proposed offering of $3 billion 23-year bonds due to current market conditions, according to a market source.

Based on price action Wednesday, the source believes this deal will continue to be put on hold, adding that the current market could not absorb the bonds at the moment.


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