PDVSA 2022 Bonds Fall on Central Bank Plan to Sell Securities
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Petroleos de Venezuela SA bonds maturing in 2022 fell the most in two weeks after a central bank director said more of the securities will be offered to investors in a state-run currency trading system.
Yields on the PDVSA bond that matures in 2022 rose 14 basis points, or 0.14 percentage points, to 16.42 percent after central bank director Armando Leon said in an interview yesterday in Caracas they would be sold on the Sitme market for the first time. The yield on PDVSA bonds maturing in 2017, which are currently offered in Sitme, fell 5 basis points to 15.26 percent after Barclays Capital recommended buying following Leon’s comments.