Venezuela Plans to Sell at Least $3 Billion of Dollar Bonds
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Venezuela will sell at least $3 billion of dollar-denominated bonds in the local market this year to take advantage of declining borrowing costs, a government official said.
The government may begin selling the bonds as soon as next month, said the official, who is involved in the transaction and asked not to be identified because he isn’t authorized to speak publicly on the matter. He declined to comment on the maturity and interest rates the bonds would offer. Venezuela last sold dollar debt in August, when it issued $3 billion of 12.75 percent notes due in 2022.