New York, March 5 - Venezuela announced it sold $1.5 billion of bonds under its Bono del Sur II offering for itself and Argentina.
The country's ministry of popular power for finance said the sale was oversubscribed with orders from 108 financial institutions.
It added that the response demonstrated the support of the investing public for the "strategy of democratizing the capital markets" and developing the region's economies.
Each $1,000 of Bono del Sur II is made up of $500 of TICC032019 securities issued by Venezuela and $500 of Boden15 from Argentina.
The auction price was set at 112.5.
| Issue: | Bono del Sur II
|
| Amount: | $1.5 billion
|
| Price: | 112.6
|
|
|
| TICC032019
|
| Issuer: | Venezuela
|
| Issue: | TICC032019
|
| Amount: | $750 million
|
| Maturity: | March 21, 2019
|
| Coupon: | 5.25%
|
| Conversion rate: | Paid in bolivars at $2,150 per $1
|
|
|
| Boden15
|
| Issuer: | Argentina
|
| Issue: | Boden15
|
| Amount: | $750 million
|
| Maturity: | Oct 3, 2015
|
| Coupon: | 7%
|
| Conversion rate: | Paid in bolivars at $2,150 per $1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
