Prospectus Supplement
To prospectus dated September 21, 2004
Bolivarian Republic of Venezuela
7.00%Global Bonds due 2015
Venezuela will pay interest on the global bonds on March 16 of each year, commencing on March 16,
2006. The global bonds will mature on March 16, 2015. The global bonds are not redeemable prior to maturity and
are not entitled to the benefit of any sinking fund. The global bonds are direct, unconditional and unsecured
obligations of the Republic. Venezuela has applied to list the global bonds on the Luxembourg Stock Exchange.
The global bonds will be designated Collective Action Securities and, as such, will contain provisions
regarding future modifications to their terms that differ from those applicable to a substantial portion of Venezuela’s
outstanding Public External Indebtedness. Under these provisions, which are described in the section entitled
“Description of the Global Bonds—Meetings and Amendments” in this prospectus supplement, Venezuela may
amend the payment provisions and certain other terms of the global bonds with the consent of the holders of 75% of
the aggregate principal amount Outstanding of the global bonds.
See “Investment Considerations” beginning on page S-10 to read about certain risks you should
consider before investing in the global bonds.
Neither the Securities and Exchange Commission nor any state securities commission has approved
or disapproved of these securities or determined the adequacy or accuracy of this prospectus supplement or
the accompanying prospectus. Any representation to the contrary is a criminal offense.
Per Global Bond Total
Public Offering Price (1) 99.301%
Commissions 0.250%
Proceeds to the Republic (before net expenses) (1) 99.051%
(1) Plus accrued interest from March 16, 2005, if settlement occurs after that date.
The Republic expects that delivery of the global bonds will be made on or about March 16, 2005, through
the book-entry facilities of The Depository Trust Company, the Euroclear System and Clearstream Banking,
Luxembourg.
You should read this prospectus supplement and the accompanying prospectus carefully before you invest.
Deutsche Bank UBS Investment Bank
March 7, 2005
Immer wieder lustig, wenn ein total bescheuerter und unfähiger Dauerbankrotteur Rolf Koch, der seit vielen Jahren regelmässig den Offenbarungseid leistet andere als deppert hinstellt.
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