Economy & Business - October 2011 (ISSN 1741-7430)
DEBT: Venezuela goes to market, again
On 11 October the Venezuelan government announced a fresh global bond issue to the tune of US$3bn. The sale brings total government debt issuance this year to US$7.2bn, the highest ever. Adding in the debt also issued by the state oil company Petróleos de Venezuela (Pdvsa), the total comes to US$13.2bn, which is more than the combined total sold by the rest of Latin American governments this year, according to Barclays Bank.
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