New York, Aug. 10 - The Bolivarian Republic of Venezuela priced $3 billion of sovereign amortizing bonds due 2022 with a 12¾% coupon at par, according to the country's Ministry of People's Power for Planning and Finance.
The coordinating agents for the Regulation S sale were Credit Suisse and Deutsche Bank. Orders will be accepted through Aug. 13.
The purchase price can be paid in bolivars at the official rate of 4.30 per U.S. dollar.
Proceeds will be used for the 2010 budget and to refinance debt.
| Issuer: | Bolivarian Republic of Venezuela
|
| Issue: | Amortizing sovereign bonds
|
| Amount: | $3 billion
|
| Maturity: | Aug. 23, 2022
|
| Amortization: | Three equal installments starting Aug. 23, 2020
|
| Coupon: | 12¾%
|
| Price: | Par
|
| Pricing date: | Aug. 10
|
| Settlement: | Aug. 23
|
| Coordinating agents: | Credit Suisse, Deutsche Bank
|
| Distribution: | Regulation S
|
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