New Issue: Venezuela sells $4.99 billion bonds due 2019 and 2024 at price of 140

By Caroline Salls

Pittsburgh, Oct. 6 - República Bolivariana de Venezuela has announced the results of its combined offering for public debt bonds due 2019 and 2024.

Venezuela said it will issue a total of $4.992 billion of the bonds, including $2.496 billion of 7¾% bonds due Oct. 13, 2019 at a price of 140 and $2.496 billion of 8¼% bonds due Oct. 13, 2024, also at a price of 140.

As previously reported, Venezuela received demand for $19.4 billion of the bonds, exceeding the planned $3 billion issuance amount.

The issuance was originally scheduled to be comprised of $1.5 billion of bonds due Oct. 13, 2019 and $1.5 billion of bonds due Oct. 13, 2024.

Deutsche Bank and Citigroup are the bookrunners for the Regulation S-only deal.

Issuer:	Venezuela
Issue:	Public debt bonds
Amount:	$4,992,000,000
Bookrunners:	Deutsche Bank and Citigroup
Price:	140
Pricing date:	Oct. 6
Settlement date:	Oct. 13
2019 bonds
Amount:	$2,496,000,000
Maturity:	Oct. 13, 2019
Coupon:	7¾%
2024 bonds
Amount:	$2,496,000,000
Maturity:	Oct. 13, 2024
Coupon:	8¼%

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