Pdvsa announces payment of interest to bond holders
The coupon of the liabilities of Venezuelan state-run oil company Pdvsa stands at 8.5%
Venezuelan state-run oil company Pdvsa has informed all its bond holders (Pdvsa bonds 2017) that in compliance with the terms and conditions of the bonds issued on October 29, 2010, the interest accrued on such bonds for the year second half will be paid next November 2.
Thus, all Pdvsa bond holders should contact their respective banks or the financial institutions where the bonds were purchased so as to get information about the status of the bonds and payment procedures. For further information and support, holders may contact Pdvsa at: +58 212 7085727 - 7083064.
Pdvsa bonds 2017 with an 8.5% coupon were issued in October 2010 and sold for USD 3000 billion. Interest is paid on May 2 and November 23 each year until the maturity date of the bonds.
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."