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Article: United States : PDVSA Seeks Bond Sale of $3.5 Billion by Yearend.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
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Byline: manish03
Petroleos de Venezuela SA, the state oil company, is seeking to issue an additional $3 billion to $5 billion of bonds by yearend, Barclays Plc said.
PDVSA, as the company is known, and the government may sell as much as $12 billion of bonds in 2010, Alejandro Grisanti, an economist at Barclays in New York, wrote in a report today, citing meetings with government officials during a recent trip to Venezuela. The company has sold $6.3 billion of bonds this year, while the government s local dollar debt issues have totaled $5 billion.
The bond sales are part of the government s effort to shore up the bolivar in the parallel, ...