Venie issuance to beat expectations as PDVSA hits captive market

Oliver West

May 15, 2014 10:00 pm

PDVSA — Employees of Petroleos de Venezuela, PDVSA, shout slogans during a pro-government march in Caracas, Venezuela, Tuesday, Feb. 18, 2014. The Venezuelan government accuses the Obama administration of siding with student protesters it has blamed for violence that led to three deaths last week. Maduro claims the U.S. is trying to stir up unrest to regain dominance of South America's largest oil producer. (AP Photo/Alejandro Cegarra) | Alejandro Cegarra/AP/Press Association Images

PDVSA’s $5bn bond issuance announced on Wednesday has triggered worries that the company will take itself into even more debt than expected this year as the Venezuelan government looks to bring dollars into the economy.

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Oliver West

US Bureau Chief - Latin America Editor