Venezuelan Government Said to Own 20%-25% of Total Debt Stock Wednesday, September 30, 2015 10:10 p.m. by Katia Porzecanski (Bloomberg) -- Venezuelan Finance Minister Rodolfo Marco Torres told investors in New York today that the government owns 20%-25% of the total debt stock of the sovereign and PDVSA and is looking at liability management proposals, according to two people with knowledge of the matter. Venezuela plans on improving its data transparency and will file documents with the SEC in coming days, said the people, who asked not to be identified because the meeting was private Government aims to reengage with creditors and meet more frequently, people said Meeting was organized by Deutsche Bank, the people said. Troy Gravitt, a spokesman at Deutsche Bank, declined to comment The Venezuelan Finance Ministry declined to comment NOTE: Torres said today on Twitter that he met w/investors including “PIMCO, Alliance, GSAM, Fintech, JP Morgan Inv Mgmt, Discovery, Fidelity, TCW, Wellington, Blackrock, NWI, Stone Harbor” For Related News and Information: First Word scrolling panel: FIRST First Word newswire: NH BFW --With assistance from Nathan Crooks in Caracas.

Venezuelan Government Said to Own 20%-25% of Total Debt Stock

Wednesday, September 30, 2015 10:10 p.m.

by Katia Porzecanski

(Bloomberg) -- Venezuelan Finance Minister Rodolfo Marco Torres told investors in New York today that the government owns 20%-25% of the total debt stock of the sovereign and PDVSA and is looking at liability management proposals, according to two people with knowledge of the matter.

• Venezuela plans on improving its data transparency and will file documents with the SEC in coming days, said the people, who asked not to be identified because the meeting was private
• Government aims to reengage with creditors and meet more frequently, people said
• Meeting was organized by Deutsche Bank, the people said. Troy Gravitt, a spokesman at Deutsche Bank, declined to comment
• The Venezuelan Finance Ministry declined to comment
• NOTE: Torres said today on Twitter that he met w/investors including “PIMCO, Alliance, GSAM, Fintech, JP Morgan Inv Mgmt, Discovery, Fidelity, TCW, Wellington, Blackrock, NWI, Stone Harbor”

For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--With assistance from Nathan Crooks in Caracas.