PDVSA Said to Consider Issuing Dollar Bonds to Central Bank
This article is for subscribers only.
Petroleos de Venezuela SA, the state oil company, may repay part of a $3 billion debt with the central bank by giving it dollar-denominated bonds before year end, a government official said.
PDVSA, as the oil producer is known, may issue the bonds to the central bank in a private placement to settle part of a debt stemming from loan agreements, said the official, who asked not to be identified because he isn’t authorized to speak publicly about the matter. The bank and PDVSA are still negotiating terms of the transaction, he said.