CARACAS, Monday January 28, 2013 | Update
PUBLIC FINANCE | Pdvsa's chairman said

Venezuelan state-run oil company rules out a US dollar bond sale

The president of Venezuelan state owned oil company Pdvsa noted that the company will not take on further debts via US dollar bond sale

Pdvsa’s debt swelled 14.7% in 2012 (Photo: AVN)
Monday January 28, 2013  04:25 PM
The president of Venezuelan state-run oil company Pdvsa, Rafel Ramírez, said on Monday that the company has no intention of engaging in a new bond issue.

"We are issuing no bonds, and, particularly, we will not continue issuing bonds   to take on debts in US dollars. That is not envisaged," the minister told the press.

The oil company's debt ended in 2012 at USD 40.02 billion, 14.7% above the numbers recorded a year earlier, AFP reported.

Translated by Jhean Cabrera
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At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.

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