Choose region: CIS
  • Poland
  • Emerging Markets
Log in
Sign up


Follow Cbonds

Bolivarian Republic of Venezuela - Issuer's card
INFORMATION
Country:Venezuela
Government institutions:

Central Bank of Venezuela

Ministerio de Planificacion y Finanzas

Profile:Issuance of Venezuelan global bonds reached USD 7.4bn in 2010. The government of Venezuela sold USD3.0bn worth of global bonds in international debt capital markets in 2010. PDVSA raised USD4.1bn in global bonds. During the first three quarters of 2011 flow of global bonds from Venezuela totaled USD10.35bn, including 4.2bn of Venezuelan sovereign bonds and USD6.15bn of Bonos PDVSA.
Venezuelan bond market is state-run. State companies, joint ventures, community councils and private companies must be authorized to sell debt. The public bond transaction system called SITME is used instead of Forex market.
“The bulk of the securities currently exchanged through the SITME system are dollar denominated bonds issued by Venezuela's oil company and the government. The Central Bank holds the securities and sells them to Authorized Financial Institutions at a price that reflects the SITME exchange rate of 5.3 VEF/US$. Individuals and companies that wish to access dollars need to place specific orders with their banks. Then the banks, on behalf of their clients, buy the dollar denominated bonds from the Central Bank with Venezuelan Bolivares. When US dollars are required, the client instructs their bank to sell these bonds out in the international market, thus generating the US dollars that the client needs. The dollars are then transferred to the client's bank account for a commission.”- EDC Economics reports.
 


VENEZUELA BOND MARKET NEWS
14.10.11 New bond issue: Corporacion Andina de Fomento sells CHF 125m in 2017 bonds with 2.750% coupon
12.10.11 Venezuela to sell $3 billion of Eurobonds due 2026 in the local market
22.08.11 S&P Lowered Venezuela Long-Term Ratings To 'B+' On Political Risk And Revised Methodology; Outlook Stable
02.08.11 New bond issue: Venezuela prints USD 4200m in 2031 bonds with 11.950% coupon
16.06.11 New bond issue: Corporacion Andina de Fomento sells JPY 10000m in 2015 bonds with 1.0% coupon
 View all news

SOVEREIGN RATING
Moody's Investors Service B2/Stable Int. Scale (foreign curr) 15.01.2009
Moody's Investors Service B1/Stable Int. Scale (loc. curr.) 15.01.2009
Standard & Poor's B+/Stable Int. Scale (foreign curr.) 19.08.2011
Fitch Ratings B+/Stable Int. Scale (foreign curr.) 08.02.2010
 sovereign rating

 Bonds 

Outstanding bond issues:

sovereign sector
21 issue(s) outstanding worth USD 38 673 224 000
1 issue(s) outstanding worth EUR 1 000 000 000

corporate sector
23 issue(s) outstanding worth USD 29 813 722 975
2 issue(s) outstanding worth CHF 505 000 000
3 issue(s) outstanding worth JPY 24 400 000 000
2 issue(s) outstanding worth EUR 750 000 000



LATEST BOND ISSUES
Issues ISIN Coupon Volume End of placement Maturity date
PDVSA, 2021 USP7807HAP03  9.0%  2394239600  11.11.2011  17.11.2021 
Corporacion Andina de Fomento, 2017, CHF CH0140939940  2.750%  125000000  13.10.2011  03.02.2017 
Venezuela, 2026 USP17625AE71  11.750%  3000000000  11.10.2011  21.10.2026 
Venezuela, 2031 USP17625AD98  11.950%  4200000000  28.07.2011  05.08.2031 
Corporacion Andina de Fomento, 2015, JPY JP500113AB65  1.0%  10000000000  10.06.2011  30.06.2015 
PDVSA, 2022 USP7807HAM71  12.750%  3000000000  11.02.2011  17.02.2022 
Corporacion Andina de Fomento, 2018, EUR XS0563498632  4.625%  650000000  26.01.2011  29.03.2018 
PDVSA, 2017-2 USP7807HAK16  8.50%  6150000000  18.01.2011  02.11.2017 
Corporacion Andina de Fomento, 2015, CHF CH0119014212  2.625%  380000000  13.01.2011  05.11.2015 
PDVSA, 2013 USP7807HAJ43  8.0%  618681375  15.11.2010  17.11.2013 



INDEXES


World Indicators

Daily Indexes

Type: 10.02.2012 09.02.2012 08.02.2012 07.02.2012 06.02.2012 03.02.2012 02.02.2012
CDS CMA 
CDS 5Y Venezuela
* * * * * * *

*The information is available only to "Cbonds-PRO CIS Eng", "Cbonds-Premium" subscribers.
To subscribe go to the "Subscription" section.



JP Morgan

Daily Indexes

Type: 10.02.2012 09.02.2012 08.02.2012 07.02.2012 06.02.2012 03.02.2012 02.02.2012
EMBI Global
EMBI Global Venezuela
* * * * * * *
CEMBI
CEMBI Venezuela
  * * * * * *

Viewing the following indexes is possible for Cbonds subscribers after the proprietor’s authorization (JP Morgan).
You are welcome to request authorization here.



Ñêîðîñòü: 0.040016889572144



 




Rambler's Top100