Venezuela bought USD 750 million in Argentinean debt bonds maturing in 2015 which Caracas is subsequently including in a new issuance of Bonds of the South, Argentinean Clarín newspaper said Wednesday quoting Argentina's Minister of Finance Felisa Miceli.

Caracas has lately become Argentinean President Néstor Kirchner Government's major source of funds, with direct purchases of debt titles exceeding USD 3 billion, Reuters reported.

According to Clarín, Miceli claimed that Venezuela deposited USD 750 million last February 16th, and the bonds Caracas purchased will be included in a USD 1.5 billion issuance of the Bond of the South, an instrument combining debt titles of both countries.

Last November 13th, Venezuela sold USD 1 billion in the Bond of the South. USD 500 million were covered interest and capital titles of Venezuela, and USD 300 million were Argentinean Bonden 2012 and USD 200 million were Argentinean Bonden 2015.

Kirchner Government is facing debt maturity for some USD 13.5 billion in 2007.

This year, Argentina has made two debt issuances for USD 500 million each, with yield at 7.71 percent in both cases.