PDVSA's Citgo to Issue New Bonds to Send Venezuela $300 Million
Wednesday, July 16, 2014
Posted by: Alisa Allen
CITGO, the U.S. subsidiary of Venezuela's state owned oil company Petroleos de Venezuela, S.A. (PDVSA), intends to refinance its existing $2 billion in debt so that it can send $300 million back to the cash-strapped Latin American nation, according to Caracas Capital Markets and recent filings.
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