Elecar Bonds Due in 2018 Rally Most Since March: Caracas Mover
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Bonds sold by Venezuelan state-owned utility Electricidad de Caracas rallied, pushing yields down the most since March 19, as investors sought the highest yield in Venezuela.
Yields on the 8.5 percent bonds due in 2018 fell 53 basis points, or 0.53 percentage point, to 14.76 percent at 3:19 p.m. in Caracas, according to data compiled by Bloomberg. The bond’s price rose 1.64 cent to 77.04 cents on the dollar.