Canaima extends exchange offer for 41 series of bonds by three months

By William Gullotti

Buffalo, N.Y., Dec. 29 – Canaima Fund Lux as issuer, Canaima Capital Lux Sarl as offeror and Canaima Global Opportunities Fund PCC Ltd. extended the exchange offer for holders of portfolios of bonds represented by Bolivarian Republic of Venezuela and Petroleos de Venezuela SA (PDVSA) to exchange their holdings for financial instruments issued by the issuer identified by ISIN XS2540585481, according to a press release on Wednesday.

The subscription period has been extended to March 31 from Dec. 30, and the deadline to submit proof of holding has likewise been extended to March 22 from Dec. 22.

No other offer conditions were changed.

As previously reported, the offer covers 41 eligible bonds in total.

The eligible bonds issued by PDVSA and identified by their ISIN are the following:

• XS0294364954 issued on April 12, 2007 with a maturity date of April 12, 2027;

• XS0294367205 issued on April 12, 2007 with a maturity date of April 12, 2037;

• USP7807HAK16 issued on Oct. 29, 2010 with a maturity date of Nov. 2, 2017;

• US716558AB79 issued on Oct. 29, 2010 with a maturity date of Nov. 2, 2017;

• US716558AC52 issued on Feb. 17, 2011 with a maturity date of Feb. 17, 2022;

• USP7807HAM71 issued on Feb. 17, 2011 with a maturity date of Feb. 17, 2022;

• US716558AD36 issued on Nov. 17, 2011 with a maturity date of Nov. 17, 2021;

• USP7807HAP03 issued on Nov. 17, 2011 with a maturity date of Nov. 17, 2021;

• USP7807HAQ85 issued on May 17, 2012 with a maturity date of May 17, 2035;

• US716558AE19 issued on May 17, 2012 with a maturity date of May 17, 2035;

• USP7807HAR68 issued on Nov. 15, 2013 with a maturity date of Nov. 15, 2026;

• US716558AF83 issued on Nov. 15, 2013 with a maturity date of Nov. 15, 2026;

• USP7807HAT25 issued on May 16, 2014 with a maturity date of May 16, 2024;

• US716558AG66 issued on May 16, 2014 with a maturity date of May 16, 2024;

• XS1126891685 issued on Oct. 28, 2014 with a maturity date of Oct. 28, 2022;

• USP7807HAV70 issued on Oct. 28, 2016 with a maturity date of Oct. 27, 2020; and

• US716558AH40 issued on Oct. 28, 2016 with a maturity date of Oct. 27, 2020.

The eligible bonds issued by Venezuela and identified by their ISIN are the following:

• US922646AS37 issued on Sept. 19, 1997 with a maturity date of Sept. 15, 2027;

• US922646AT10 issued on Aug. 6, 1998 with a maturity date of Aug. 15, 2018;

• USP9395PAA95 issued on Sept. 27, 2001 with a maturity date of Aug. 15, 2018;

• US922646BE32 issued on Sept. 27, 2001 with a maturity date of Aug. 15, 2018;

• USP97475AD26 issued on Dec. 1, 2003 with a maturity date of Dec. 1, 2018;

• US922646BL74 issued on Jan. 14, 2004 with a maturity date of Jan. 13, 2034;

• XS0217249126 issued on April 21, 2005 with a maturity date of April 21, 2025;

• USP97475AG56 issued on Dec. 9, 2005 with a maturity date of Dec. 9, 2020;

• USP97475AJ95 issued on Nov. 15, 2007 with a maturity date of March 31, 2038;

• USP17625AB33 issued on May 7, 2008 with a maturity date of May 7, 2028;

• USP17625AA59 issued on May 7, 2008 with a maturity date of May 7, 2023;

• USP97475AN08 issued on Oct. 13, 2009 with a maturity date of Oct. 13, 2019;

• USP97475AP55 issued on Oct. 13, 2009 with a maturity date of Oct. 13, 2024;

• USP17625AC16 issued on Aug. 23, 2010 with a maturity date of Aug. 23, 2022;

• USP17625AD98 issued on Aug. 5, 2011 with a maturity date of Aug. 5, 2031;

• USP17625AE71 issued on Oct. 21, 2011 with a maturity date of Oct. 21, 2026;

• XS0029484515 issued on Dec. 18, 1990 with a maturity date of April 15, 2020;

• XS0029484788 issued on Dec. 18, 1990 with a maturity date of April 15, 2020;

• XS0029484861 issued on Dec. 18, 1990 with a maturity date of April 15, 2020;

• XS0029484945 issued on Dec. 18, 1990 with a maturity date of April 15, 2020;

• XS0029485322 issued on Dec. 18, 1990 with a maturity date of April 15, 2020;

• XS0504851535 issued on April 30, 2010 with a maturity date of Oct. 13, 2024;

• XS0838864808 issued on Oct. 3, 2012 with a maturity date of Oct. 13, 2024; and

• XS0838835451 issued on Oct. 3, 2012 with a maturity date of Oct. 21, 2026.

The issuer intends to issue an aggregate nominal amount of notes up to $50 million represented by 50 million notes.

The company has retained D.F. King as the information agent for this process. Investors should visit the transaction website hosted by D.F. King to register their details at https://sites.dfkingltd.com/canaima. Should investors have any question on the registration process, they can contact D.F. King via e-mail on canaima@dfkingltd.com.

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