CARACAS—State energy company Petróleos de Venezuela, or PdVSA, will offer the bulk of its coming $4.5 billion bond sale directly to its service providers, the oil company said Wednesday, as it aims to settle a massive backlog of payments.
PdVSA said $3 billion of the 6% coupon 2026 bonds will be offered to providers, while the remaining $1.5 billion will be transferred in a private placement to the central bank, the company said,…
Read the original here: Petroleós de Venezuela to Offer Bonds to Service Companies
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