By Caroline Salls
Pittsburgh, Oct. 19 - The Bolivarian Republic of Venezuela received valid orders for $3 billion of 11¾% international sovereign bonds due 2026 at a price of 95, according to a news release.
The bonds will be issued on Friday.
According to a news release, this issuance is part of the country's actions aimed at the strengthening of large government programs in order to achieve sovereignty and food security through the Great Mission Agro - Venezuela.
These actions were also designed to generate productive employment through the Great Mission Work, according to the release.
Credit Suisse is the lead agent.
| Issuer: | Bolivarian Republic of Venezuela
|
| Issue: | International sovereign bonds
|
| Amount: | $3 billion
|
| Maturity: | Oct. 21, 2026
|
| Coupon: | 11¾%
|
| Price: | 95
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 21
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
