25 de octubre de 2016 14:11 PM
Actualizado el 25 de octubre de 2016 15:37 PM
State-owned oil company Petróleos de Venezuela (Pdvsa) reported Tuesday that participation in swap of bonds maturing in 2017 for new bonds due in 2020 reached 52.57%, that is, USD 2.79 billion.
The announcement comes as part of an exchange offer or swap preset as a goal amounting to USD 5.32 billion of the total principal amount, according to the company’s communiqué.
In that sense, Petroleum and Mining Minister and Pdvsa’s head Eulogio del Pino said that President Nicolás Maduro "has reviewed the results and is pleased with the achievements.”
Additionally, the document read that the percentage reached represents an average of 45.3% of capital to be amortized of November 2017 bonds.