Oil company Petroleos de Venezuela (PdVSA) may offer a $1.5 billion worth bond, The Wall Street Journal reports. The state owned company will sell the 2022 bond to its central bank. Previously, PdVSA raised about $3 billion through an issuance of the 2022 bond in February 2011. The government will sell the new bond to comply with a newly launched law, which increased its 2011 debt limit, adds Reuters.
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