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Venezuela: $150 Million In Debt-equity Swaps

LADB Article ID: 071728
Category/Department: General
Date: Thursday, November 9, 1989
By: John Neagle

On Nov. 3, the Venezuelan government auctioned off $146.4 million in foreign debt paper. The transactions were organized as follows: 1) Investors purchased debt paper at a discount from commercial creditor banks in the secondary market. 2) The d...

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