Venezuela launches combined sale of 5.75% bonds due 2016, 6% bonds due 2020

By Caroline Salls

Pittsburgh, Nov. 22 - The Bolivarian Republic of Venezuela has begun a combined public offer of two new sovereign bonds due in 2016 and 2020, according to a news release.

Small, medium and large investors can acquire the dollar-denominated bonds in bolivars at an official exchange rate of 2.150 bolivares per dollar.

The combined offer will be made up of 50% of the bonds due Feb. 26, 2016 at a coupon of 5.75% and 50% of the bonds due Dec. 9, 2020 at a coupon of 6%.

Venezuela has fixed a minimum participation value of 2.15 million bolivars so small investors can participate.

© 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.