Venezuela's PDVSA Says $4.5 bln Bond Offer Begins

Source: Reuters 11/14/2013, Location: South America

PDVSA President Rafael Ramirez said the Venezuelan state oil company's new $4.5 billion bond offer is starting.

In its second largest issue, PDVSA is selling $1.5 billion to the central bank while offering the remaining $3 billion to service providers to pay down billions of dollars in debts.

In comments to reporters, Ramirez also said that Venezuela hoped to reach production of 3.3 million barrels per day (bpd) by the end of 2014, from around 3 million now.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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