EL UNIVERSAL
CARACAS, Wednesday July 01, 2009 | Update
Pdvsa will register the Petrobono 2011 in foreign markets
Economy
State-run oil company Petróleos de Venezuela (Pdvsa) announced on Wednesday that the USD 3 billion bond issue dubbed "Petrobono 2011" will be registered in international markets, a move expected by investors willing to buy the instrument.
"Consequently, the oil company will give notice to the financial entities asking the required information for the respective registry in Euroclear and/or Clearstream," said the Venezuela oil-run company in an addendum to the notification issued last week to announce the operation, Reuters reported.
On the Cover
Works flying high
05:09 PM. Economy. If any country has cashed in on the Bolivarian revolution, that is Brazil, particularly the private companies of the southern neighbor. Over the past five years, it has been awarded contracts for works to be carried out in Venezuela for over USD 14 billion. This puts it as the first recipient of government-to-government contracts, that is, without bidding, since Hugo Chávez took office.
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