October
6, 2004
Bonds are sold for more than 100% their
value
(El Nacional) - "The victory
secured by Chávez on August 16th
together with the following rise in oil
prices caused an upturn in the prices
of all Venezuelan bonds. This upturn has
also been observed in the international
market of foreign debt.
'The market is very lively
and the prices of Venezuelan bonds keep
on rising', confirmed an operator in
the local market.
'On the screens, 7 Venezuelan
bonds are rated over their value and
the one which breaks the barrier of
129% is the Global due in 2018', declared
a financial analyst (…)
'Investors feel
that in Venezuela the political uncertainty
has been reduced and that the Government
has enough income to pay its debt since
the Venezuelan basket is priced over
$40', said the analyst to justify the
interest for Venezuelan bonds (…)".
