Investors expect hefty discount on new PDVSA paper

Venezuela is to lever up its main source of US dollars — oil company PDVSA — by a further $4.5bn at a time when bond investors are rapidly losing faith in the country’s failing economy.

  • By Oliver West
  • 14 Nov 2013
PDVSA will raise $4.5bn of bonds that will be repaid in equal instalments in 2024, 2025 and 2026 by placing $1.5bn with the central bank and offering the rest to the company’s suppliers. The bonds are then expected to be sold down gradually into the international market as ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%