Venezuela Sells Record $44 Million PDVSA 2035 Bonds in Sitme
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Venezuela’s central bank sold $44 million of bonds due 2035 from Petroleos de Venezuela SA through its currency market known as Sitme today, the biggest one-day sale of the 9.75 percent bonds since they were issued.
The yield on the state oil company’s bonds rose 3 basis points, or 0.03 percentage point to 12.66 percent at 2:15 p.m. in Caracas, according to data compiled by Bloomberg. The price fell 0.18 cent to 78.37 cents on the dollar.