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PDVSA exchanged 52.57% of the total maximum amount offered
Caracas.- Petroleos de Venezuela, S.A. (PDVSA) expressed satisfaction with the
successful results obtained in the exchange transaction of 5.250% senior notes
due 2017 and 8.50% senior notes due 2017,
closed last Friday.
"Despite the attacks to which she was subjected our company during the
process, not compared with any other exchange transaction has been
done in the world, we have come to 52.57% of the total maximum amount of share exchange,
representing an average of 45.3% of capital to be amortized in bonds
for November 2017. It also constitutes a refinance
for the company of two thousand 800 million dollars, "said Minister of Power
Popular Petroleum and president of PDVSA, Eulogio Del Pino.
He reported also that the President of the Bolivarian Republic of Venezuela, Nicolá:
Maduro Moros, "he has reviewed the results and is pleased with the
achievements, representing a new victory of our country over the onslaught of
internal and external factors that bet by a negative result for
company and therefore for the country ".
Finally, the minister expressed gratitude Pine oil company
Venezuelan national to bondholders "who trusted the proposal,
and the soundness and transparency of PDVSA, and despite intemperate attacks
They accept the swap and will accompany us in the future performance of the Corporation. "