Venezuela's PDVSA Boosts Bond Offer to $7.5 Billion

[BayCityProgressive]

http://www.venezuelanalysis.com/news.php?newsno=2261

Venezuela's state-owned oil company, Petroleos de Venezuela SA, boosted its sale of bonds by 50 percent to $7.5 billion, making the transaction Latin America's biggest corporate bond sale ever.
More than 350,000 investors in the local market placed orders for the dollar-denominated bonds, more than three times the offering's size, Finance Minister Rodrigo Cabezas said in an interview.

``It has been an extraordinary auction, with highly positive results,'' Cabezas said from his office in Caracas.

The sale tops the 15.5 billion reais ($7.1 billion) sale of bonds by Brazil's BFB Leasing SA Arrendamento Mercantil in July, according to data collected from the Web sites of the securities regulators of Brazil, Argentina, Colombia, Venezuela and Mexico.

[Gabi Hayes]

1. sounds like a VERY good, capitalistic investment. where do I sign up?

I have a few dinars stashed away....