Venezuelan state oil firm Pdvsa may issue debt bonds in local currency
The president of Pdvsa informed that the operation would be coordinated with the Ministry of Finance
When asked about the means of financing of the oil company, Pdvsa President Rafael Ramírez would not make it clear when the next bond sale would take place. He informed, however, that "such sale may be carried out in bolivars."
Ramírez outlined that the "Government has been making important debt issues within the framework of the Indebtedness Law and we would be doing a bond issuance as well," adding that the bonds may be issued as early as this year.
"This matter is coordinated with the Ministry of Finance. Should we make a bond sale, we will inform through the press," yet "I do not want to prompt speculation" in the bonds market, he remarked.
With respect to the resources used by the Central Bank of Venezuela (BCV) to finance the oil company, the president of Pdvsa said such information should be requested to the president of the central bank, Nelson Merentes.
Translated by Jhean Cabrera
The very early morning after the presidential election (April 15), both candidates requested the National Electoral Council (CNE) to conduct a full audit of the process: one, Henrique Capriles, because he asserts that the election results are different from the ones announced, and the other one, Nicolás Maduro, in order to clear any doubt regarding his victory, and to reinforce his political stance. Nevertheless, as it is already known, President Maduro changed his mind.