OREANDA-NEWS. Petroleos de Venezuela, S.A. (PDVSA) announces the private issue of PDVSA 2026 bonds for up to USD 4.5 billion, with a coupon of 6.00% and maturing annually, equally and consecutively in the years 2024, 2025 and 2026; USD 1.5 billion through direct and private placement with the Central Bank of Venezuela and some USD 3 billion will be offered to PDVSA suppliers.

PDVSA 2026 bond has not been and will not be registered under the Securities Act of 1933 of the United States of America and it is being offered only outside the U.S. according to Regulation S of the aforementioned Securities Act and Rule 144A of the aforementioned act, according to which PDVSA 2026 bonds may be bought in the secondary market by U.S. investors that qualify as “qualified institutional buyers” under Rule 144A. The current issue was authorized by the National Securities Superintendency under article 2 of the Securities Market Law of the Bolivarian Republic of Venezuela.

The current issue has been made with a close coordination among PDVSA, the People's Ministry of Finance, the People's Ministry for Public Banking and the Central Bank of Venezuela, following the guidelines and public policy established by the National Executive.

The funds obtained by PDVSA through the placement of PDVSA 2026 Bond, will be used for PDVSA corporate purposes, to finance investment projects including investment for the social and comprehensive development of the country.