May 14, 2014 / 3:48 PM / 3 years ago

Venezuela's PDVSA issues $5 bln privately placed bond

CARACAS, May 14 (Reuters) - Venezuela’s state oil company announced on Wednesday the issue of a new $5 billion PDVSA 2024 bond with a 6 percent coupon via a private placement in the financial sector.

“The funds obtained will be used for PDVSA’s corporate aims, to finance investment projects including investment for the nation’s social development,” it said in a statement, adding that maturities would be in 2022, 2023 and 2024. (Writing by Andrew Cawthorne; Editing by Chizu Nomiyama)

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