Venezuela to hold non-deal roadshow Feb. 21 week in Europe

By Paul A. Harris

St. Louis, Feb. 18 - The Bolivarian Republic of Venezuela will hold a non-deal roadshow in Europe in the Feb. 21 week, to be hosted by Deutsche Bank Securities and UBS Investment Bank, according to a market source.

Stops will include London, Switzerland and Germany.

Last week, the government of Venezuela received legislative approval to issue $1.3 billion equivalent of bonds during 2005.

The issuance is expected to come in a mix of dollar-, euro- and bolivar-denominated securities, but not all at one time.

Part of the proceeds are expected to be used to repair infrastructure damage caused by catastrophic storms that hit the western state of Merida and the country's northern Caribbean coast in early February.

© 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.