PDVSA Announces Swap Offer for 2017 Bonds

Source: www.gulfoilandgas.com 9/16/2016, Location: South America

Petroleos de Venezuela, S.A. (PDVSA) announces that as of September 16th is offering a voluntary swap of PDVSA bonds in circulation maturing April 2017 with a coupon of 5.25%, and maturing November 2017 with a coupon of 8.50%. Both can be exchanged for a guaranteed bond maturing in 2020 with a coupon of 8.50% which will receive four annual payments of principal guaranteed by PDVSA Petroleo, S.A. and 50.1% collateral of CITGO Holding, Inc.’s capital.

Eligible bondholders with bonds maturing in April and November 2017 will have 20 days to exercise their option to participate in this excellent investment opportunity.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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