Venezuela sets pricing range for $3 billion 10-year and 15-year bonds

By Caroline Salls

Pittsburgh, Sept. 29 - Republica Bolivariana de Venezuela has announced the minimum and maximum price ranges for its $3 billion bond auction, according to a news release.

Venezuela said the minimum price will be 135% and the maximum price will be 140%.

Purchase orders must be in multiples of 0.25%. Orders will be taken from Sept. 29 to Oct. 2.

The finance minister will determine the final price on Oct. 6.

The deal will be comprised of $1.5 billion of 7¾% bonds due Oct. 13, 2019 and $1.5 billion of 8¼% bonds due on Oct. 13, 2024.

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

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