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PdVSA To Raise $3.15B In Debt Issue

石油公司已经nezuela is seeking to raise around $3.15 billion through a reopening of its existing bonds.

    石油公司已经nezuela(PdVSA) is seeking to raise around $3.15 billion through a reopening of its existing bonds,The Wall Street Journalreports. The Venezuelan state-run oil company will sell the securities to theCentral Bank of Venezuelaand other funds through a private placement.

    The bonds, which were originally sold in October and carry a coupon of 8.5%, are due to mature in November 2017. The Venezuelan government had previously authorized a $6 billion PdVSA bond sale.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromBloomberg.

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