Ali Rodriguez tries to calm the situation on the parallel market exchange

Minister of Finance of Venezuela, Alí Rodríguez, said today that the PDVSA bond issue, as well as being designed to seek financing for the company to meet its financial obligations to suppliers, will "end the pressure on the dollar parallel ", which in recent months has soared to more than triple the official rate of exchange, established in bolívares 2.15 per dollar. For now, the greenback fell slightly today, to stand at 6.60 units.

The minister's statements demonstrate, among other things, the concern of the authorities by climbing dollar on the black market currency in the country, which the public does not go where the authorization of purchase for tickets cadivi green. In fact, the Government has never accepted the legality of this market and has been so long since I have started to make statements about this situation until recently, "no" to the Government.

Rodriguez did not detail the terms of the issue, but a source told the National Assembly, the local press to be similar to the one held last year 2007, with a yield of 7.5% per annum plus a commission of a percentage point, additional 0.25% of "management" by the registered entity.

The papers will be placed through the Central Bank of Venezuela in banking in a "peering", not to be concentrated in few hands or in a few institutions.

Moreover, the Minister of Basic Industries, Rodolfo Sanz, CVG reported that the firm is also considering a corporate bond issue, although there were no details. Official sources confirmed that this transaction would amount to 4,000 million dollars, and papers are guaranteed gold. Apparently, the release of public finances would be evaluating the operation that would see the light after the issuance of Pdvsa.