Venezuela offers to repurchase 1.15% notes due 2004

By Reshmi Basu

New York, June 7 - The Bolivian Republic of Venezuela said it is offering to buy back its 1.15% notes due Sept. 30, 2004 at par plus accrued interest.

Holders who wish to take part in the buyback must deliver the notes to Deutsche Bank by 12 p.m. ET on June 18. The deadline is subject to possible extension.

After review of the submissions, the government will announce the results at around 5 p.m. ET on the first business date after the expiration date, or soon after.

Settlement date is June 25.

Deal managers are ABN Amro (866 409-7643 or call collect 212 409-6255) and Barclays Capital (866 307-8991 or call collect 212 412-4072).

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