ESPACIO PUBLICITARIO
CARACAS, Monday January 28, 2013 | Update
 
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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)
EL UNIVERSAL
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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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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