Venezuela plans to auction $3 billion in 10-year and 15-year bonds

By Paul A. Harris

St. Louis, Sept. 28 - Republica Bolivariana de Venezuela (B2/BB-/B+) plans to auction $3 billion of bonds, according to a market source.

The issuance will be comprised of $1.5 billion of bonds that will mature on Oct. 13, 2019 and $1.5 billion that will mature on Oct. 13, 2024.

Venezuela will announce minimum and maximum price ranges on Tuesday.

Deutsche Bank and Citigroup will run the books for the Regulation S-only deal.

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