Venezuelan state oil company PDVSA said on Monday its $5 billion debt issue would be priced at a premium of 105.5 percent.
The issue offers a combination of three bonds with different maturities to be bought in a single package.
PDVSA said the coupon for the tranche of 10-year-debt was 5.25 percent. It was 5.375 percent for the 20-year bonds and 5.5 percent for the 30-year issue.
The Eurobond issue is made up of $1 billion in 30-year-bonds and $2 billion in both 20 and 10 year paper.
Investors buy the dollar-denominated debt in Venezuelan bolivars but the interest and final capital repayment are in dollars.
The issue is designed to pump funds into the OPEC nation's oil industry and soak up liquidity, which is spurring inflation to the highest level in the Americas.
Venezuelan bond issues are normally heavily oversubscribed.
© Reuters 2007. All rights reserved.
Your Ads At Here
