Venezuela plans $250 million reopening of 9 3/8% bonds due 2034 in local market

By Reshmi Basu

New York, Nov. 29 - The Bolivarian Republic of Venezuela plans to reopen its existing 9 3/8% bonds due Jan. 12, 2034 (B2/B/B+) in the local market, according to a market source.

The expected size of the reopening is $250 million.

Guidance has been set at a price of 122 to 125, the Finance Ministry said in a statement.

Pricing will be on Dec. 3.

Dresdner Kleinwort Wasserstein and ABN Amro are running the retap.

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