Venezuela’s PDVSA Said to Plan Dollar Bond Sale This Year
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Petroleos de Venezuela SA, the state oil company, is considering the sale of as much as $3 billion in international bonds before the end of the year.
The dollar notes would be sold in a private placement to the Central Bank for currency auctions and oil service providers to pay debt, a PDVSA official, who isn’t authorized to speak publicly, said on Oct. 11. The company is studying ways to swap or repurchase debt with maturities from 2014 to 2017, according to the official.