The Ministry of Finance Wednesday is selling to local investors USD 225 million in the so-called dollar-denominated Interest and Principal Protected Securities (TICC).

The bonds -maturing in 2017- can be purchased in Venezuelan Bolivars, based on the terms of the debt issuance.

The National Assembly has authorized the Ministry of Finance to sell up to USD 3 billion in TICC bonds at the official exchange rate.

The Ministry of Finance sold USD 500 million of TICC bonds last November in a joint debt issuance with Argentina of the so-called Bond of the South.