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Post by ukipa on May 23, 2014 5:08:18 GMT 4
Venezuelan gov't prepares to hold road show in NY, London
Venezuelan authorities are to contact potential bond buyers.
Thursday May 22, 2014 10:44 AM
Venezuela prepares for a road show in New York and London in an attempt to better communication with investment funds keeping Venezuelan bonds in their portfolios and likely to buy new securities in the short and medium term. Venezuela is moving to build links with international financial markets at a time when the country faces a serious gap between foreign currency demand and supply. Government officials announced the decision to some analysts of financial institutions during a number of meetings held in the past three weeks. Armando Armenta, analyst for Deutsche Bank, explained in a report after his visit in Caracas that the Ministry of Finance does not intend to issue new debt bonds in the international market this year, "regardless of the preparations for a road show in New York and London." Armenta added that government officials "suggested that the road show aims at restoring contact with international markets."
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