Monday, March 26, 2007

PDVSA bonds part II Very quickly and completing the last post, the price of the PDVSA bonds was set at 105.5 and the coupons for each bond were set at 5.25% for the 2017, 5.375% for the 2027 and 5.5% for the 2037. This means that if the bonds go where they should after a month or so, you will be getting US$ at around Bs. 2,800, in the worst case Bs3,200 and in the likely case Bs. 3,000 or so. Not a bad deal. Just one warning, don't ask for more than you can afford, you may get it all!! 6:19:54 PM    comment []