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Venezuela to buy back, redeem Par and Discount Brady bonds
New York, Feb. 27 - The Bolivarian Republic of Venezuela said it plans to retire all its outstanding Par and Discount Brady bonds.
The Latin American nation will buy back $579.128 million principal amount of its Collateralized Floating Rate Bonds due 2020, USD Discount series A, and $120.425 million principal amount of its Collateralized Floating Rate Bonds due 2020, USD Discount series B, in a private repurchase.
The private repurchase is expected to close on March 1.
Bonds not repurchased will be redeemed on their next interest payment date. A redemption notice has already been issued.
Covered by the retirement transactions are Venezuela's:
• Collateralized Fixed Rate Bonds due 2020, USD Par series A;
• Collateralized Fixed Rate Bonds due 2020, USD Par series B;
• Collateralized Fixed Rate Bonds due 2020, FF Par Series;
• Collateralized Fixed Rate Bonds due 2020, LRA Par Series;
• Collateralized Fixed Rate Bonds due 2020, CHF Par Series;
• Collateralized Fixed Rate Bonds due 2020, DM Par Series;
• Collateralized Floating Rate Bonds due 2020, USD Discount series A;
• Collateralized Floating Rate Bonds due 2020, USD Discount series B; and
• Collateralized Floating Rate Bonds due 2020, DM Discount Series.
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