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Resolution / Categorization of Placement of Issue of PDVSA Bond 2026 as Private Offer

Resolution No. 106, issued by the National Superintendence of Securities (Superintendencia Nacional de Valores), was published in Official Gazette No. 40,295 of November 15, 2013. Said Resolution authorizes and categorizes as Private Offer the placement of the issue of Pdvsa Bond 2026 (Amortizable) of Petróleos de Venezuela S.A. (“PDVSA”), approved by its Board of Directors No. 2013-08 of October 21, 2013, for up to an amount of US$ 4,500,000,000.00. The bonds will be acquired in Bolivars in the primary placement (6,30 Bs./US$).

 

In order to access the Resolution, please click here.

 

 

“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”