Venezuela: bonds

Issuance of Venezuelan global bonds reached USD 7.4bn in 2010. The government of Venezuela sold USD3.0bn worth of global bonds in international debt capital markets in 2010. PDVSA raised USD4.1bn in global bonds. During the first three quarters of 2011 flow of global bonds from Venezuela totaled USD10.35bn, including 4.2bn of Venezuelan sovereign bonds and USD6.15bn of Bonos PDVSA.
Venezuelan bond market is state-run. State companies, joint ventures, community councils and private companies must be authorized to sell debt. The public bond transaction system called SITME is used instead of Forex market.
“The bulk of the securities currently exchanged through the SITME system are dollar denominated bonds issued by Venezuela's oil company and the government. The Central Bank holds the securities and sells them to Authorized Financial Institutions at a price that reflects the SITME exchange rate of 5.3 VEF/US$. Individuals and companies that wish to access dollars need to place specific orders with their banks. Then the banks, on behalf of their clients, buy the dollar denominated bonds from the Central Bank with Venezuelan Bolivares. When US dollars are required, the client instructs their bank to sell these bonds out in the international market, thus generating the US dollars that the client needs. The dollars are then transferred to the client's bank account for a commission.”- EDC Economics reports.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
VEF 64 470 480 995 141
USD 25 40 036 791 000
corporate
USD 18 42 646 768 600
VEF 12 88 595 135 033
CHF 11 2 385 000 000
EUR 8 3 836 100 000
AUD 5 1 065 000 000
HKD 5 3 315 000 000
NOK 2 2 400 000 000
COP 2 221 750 000 000
ZAR 1 590 000 000
INR 1 2 138 000 000
PEN 1 248 400 000
TRY 1 192 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Rating Agency RAEX (Expert RA) *** Foriegn curr. scale ***
Rating Agency RAEX (Expert RA) *** Local curr. scale ***
National Rating Agency *** Global scale ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Corporacion Andina de Fomento (CAF), 2.2% 18jul2020, USD - International bonds US219868BY14 2.2% 1 250 000 000  USD 07/11/2017 07/18/2020
Corporacion Andina de Fomento (CAF), 0.3% 7apr2025, CHF - International bonds CH0360172727 0.3% 160 000 000  CHF 03/16/2017 04/07/2025
Corporacion Andina de Fomento (CAF), 4.5% 14sep2027, AUD - International bonds AU3CB0243194 4.5% 175 000 000  AUD 03/06/2017 09/14/2027
Corporacion Andina de Fomento (CAF), 5.88% 17mar2022, INR - International bonds XS1570385671 5.88% 2 138 000 000  INR 02/24/2017 03/17/2022
Corporacion Andina de Fomento (CAF), 0.5% 25jan2022, EUR - International bonds XS1555575320 0.5% 800 000 000  EUR 02/01/2017 01/25/2022
Venezuela, 6.5% 29dec2036, USD - International bonds USP97475AQ39 6.5% 5 000 000 000  USD 12/29/2016 12/29/2036
Corporacion Andina de Fomento (CAF), 2.125% 27sep2021, USD - International bonds US219868BX31 2.125% 1 000 000 000  USD 09/20/2016 09/27/2021
PDVSA, 8.5% 27oct2020, USD - International bonds USP7807HAV70 8.5% 3 367 529 000  USD 09/16/2016 10/27/2020
Corporacion Andina de Fomento (CAF), 0.1% 13may2019, EUR - International bonds XS1410595216 0.1% 85 400 000  EUR 05/06/2016 05/13/2019
Corporacion Andina de Fomento (CAF), 2% 10may2019, USD - International bonds US219868BW57 2% 1 250 000 000  USD 05/04/2016 05/10/2019

World Bond market statistics

Quarterly indices

Type I 2017 IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015
BIS volume of international-bond market of emerging countries
Venezuelan international bonds, USD bln 53.100 53.100 48.100 48.100 50.500 52.000 53.300
BIS net issues of international-bond market of emerging countries
International-bond net issue of Venezuela, USD bln   4.900     -1.500 -1.300 0.000

New issues of Emerging markets International Bonds

Monthly indices

Type Jul 2017 Jun 2017 May 2017 Apr 2017 Mar 2017 Feb 2017 Jan 2017
Emerging Markets International Bonds (Latin America)
New issues of Venezuela\'s international bonds, USD bln 1.250 0.000 0.000 0.000 0.293 0.086 0.795
Number of Venezuela\'s new international bond issues 1 0 0 0 2 2 1
show other indices

Emerging Markets International Bonds

Monthly indices

Type Jul 2017 Jun 2017 May 2017 Apr 2017 Mar 2017 Feb 2017 Jan 2017
Latin American Markets International Bonds
Aruba’s international bonds, USD bln 0.351 0.351 0.351 0.351 0.351 0.351 0.351
Venezuela’s international bonds, USD bln 89.580 88.208 88.084 87.887 89.860 89.642 88.979
Venezuela’s corporate international bonds, USD bln 52.139 50.767 50.644 50.446 52.419 52.202 51.538
Venezuela’s sovereign international bonds, USD bln 37.440 37.440 37.440 37.440 37.440 37.440 37.440
Argentina’s sovereign international bonds, USD bln 118.287 117.108 113.898 113.030 112.319 85.566 86.075
show other indices

Currencies

Daily indices

Type: 07/05/2017 07/04/2017 07/03/2017 06/30/2017 06/29/2017 06/28/2017 06/27/2017
Exchange Rates (Emerging Markets)
USD/VEF 10.0696 9.9916 10.0736 10.0526 10.0738 9.9829 10.1189
EUR/VEF 11.4880 11.3388 11.4368 11.5261 11.5792 11.3576 11.4748
show other indices

Credit Risk Indicators

Daily indices

Type: 08/14/2017 08/11/2017 08/10/2017 08/09/2017 08/08/2017 08/07/2017 08/04/2017
CDS Interactive Data 
CDS 6M Venezuela * * * * * * *
CDS 1Y Venezuela * * * * * * *
CDS 2Y Venezuela * * * * * * *
CDS 3Y Venezuela * * * * * * *
CDS 4Y Venezuela * * * * * * *
CDS 5Y Venezuela * * * * * * *
CDS 7Y Venezuela * * * * * * *
CDS 10Y Venezuela * * * * * * *
CDS 15Y Venezuela * * * * * * *
CDS 20Y Venezuela * * * * * * *
CDS 30Y Venezuela * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds Premium Partner", "Cbonds-PRO EM", "Cbonds-PRO EM Personal" required. Subscribe/Get trial access

JP Morgan

Daily indices

Type: 10/30/2013 10/29/2013 10/28/2013 10/25/2013 10/24/2013 10/23/2013 10/22/2013
EMBI Global (publication was suspended since 30.10.2013) 
EMBI Global Venezuela * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds Premium Partner", "Cbonds-PRO EM", "Cbonds-PRO EM Personal" required. Subscribe/Get trial access

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Venezuela, 11.750% 21oct2026, USD   USD 10/21/2026 05/18/2016 **.** **.** 05/18/2016 **.** **.**
Venezuela, 11.950% 5aug2031, USD   USD 08/05/2031 05/18/2016 **.* **.** 05/18/2016 **.* **.**
Venezuela, 12.750% 23aug2022, USD   USD 08/23/2022 05/18/2016 **.* **.** 05/18/2016 **.* **.**
Venezuela, 13.625% 15aug2018, USD   USD 08/15/2018 05/18/2016 **.** **.* 05/18/2016 **.** **.**
Venezuela, 13.625% 15aug2018, USD   USD 08/15/2018 05/18/2016 **.* **.** 05/18/2016 **.* **.**
Venezuela, 6.0% 9dec2020, USD   USD 12/09/2020 05/18/2016 **.** **.** 05/18/2016 **.** **.*
Venezuela, 7% 31mar2038, USD   USD 03/31/2038 05/18/2016 **.* **.** 05/18/2016 **.* **.*
Venezuela, 7.0% 1dec2018, USD   USD 12/01/2018 05/18/2016 **.*** **.** 05/18/2016 **.** **.**
Venezuela, 7.0% 31mar2038, USD   USD 03/31/2038 05/18/2016 **.** **.** 05/18/2016 **.** **.**
Venezuela, 7.650% 21apr2025, USD   USD 04/21/2025 05/18/2016 **.** **.** 05/18/2016 **.** **
Venezuela, 7.750% 13oct2019, USD   USD 10/13/2019 05/18/2016 **.*** **.** 05/18/2016 **.* **.**
Venezuela, 8.250% 13oct2024, USD   USD 10/13/2024 05/18/2016 **.*** **.** 05/18/2016 **.** **.**
Venezuela, 9.0% 7may2023, USD   USD 05/07/2023 05/18/2016 **.** **.** 05/18/2016 **.** **.**
Venezuela, 9.250% 15sep2027, USD   USD 09/15/2027 05/18/2016 **.** **.* 05/18/2016 **.** **.**
Venezuela, 9.250% 7may2028, USD   USD 05/07/2028 05/18/2016 **.* **.** 05/18/2016 **.** **.*
Venezuela, 9.375% 13jan2034, USD   USD 01/13/2034 05/18/2016 ** **.** 05/18/2016 **.* **.*
Corporacion Andina de Fomento (CAF), 0.15% 24feb2022, CHF   CHF 02/24/2022 05/18/2016 ***.* *.** 05/18/2016 ***.* -*.**
Corporacion Andina de Fomento (CAF), 0.304% 16sep2024, CHF   CHF 09/16/2024 05/18/2016 ***.** *.** 05/18/2016 ***.* *.*
Corporacion Andina de Fomento (CAF), 0.45% 7sep2023, CHF   CHF 09/07/2023 05/18/2016 ***.** *.** 05/18/2016 ***.* *.**
Corporacion Andina de Fomento (CAF), 0.5% 26feb2026, CHF   CHF 02/26/2026 05/18/2016 ***.* *.* 05/18/2016 ***.* *.**
Corporacion Andina de Fomento (CAF), 0.51% 16sep2026, CHF   CHF 09/16/2026 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
Corporacion Andina de Fomento (CAF), 1% 10nov2020, EUR   EUR 11/10/2020 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Corporacion Andina de Fomento (CAF), 1.375% 11feb2021, CHF   CHF 02/11/2021 05/18/2016 *** -*.* 05/18/2016 ***.* -*.**
Corporacion Andina de Fomento (CAF), 1.5% 11sep2018, CHF   CHF 09/11/2018 05/18/2016 ***.** -*.** 05/18/2016 ***.* -*.**
Corporacion Andina de Fomento (CAF), 1.5% 13aug2020, CHF   CHF 08/13/2020 05/18/2016 *** -*.** 05/18/2016 ***.* -*.**
Corporacion Andina de Fomento (CAF), 1.5% 1dec2028, CHF   CHF 12/01/2028 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Corporacion Andina de Fomento (CAF), 1.5% 8aug2017, USD   USD 08/08/2017 05/18/2016 ***.* *.** 05/18/2016 ***.** *.*
Corporacion Andina de Fomento (CAF), 1.875% 29may2021, EUR   EUR 05/29/2021 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Corporacion Andina de Fomento (CAF), 2% 5feb2024, CHF   CHF 02/05/2024 05/18/2016 *** *.** 05/18/2016 ***.* *.*
Corporacion Andina de Fomento (CAF), 2.750% 3feb2017, CHF   CHF 02/03/2017 05/18/2016 ***.** -*.* 05/18/2016 ***.** -*.**
Corporacion Andina de Fomento (CAF), 3.31% 12dec2028, EUR   EUR 12/12/2028 05/18/2016 ***.*** *.** 05/18/2016 ***.*** *.*
Corporacion Andina de Fomento (CAF), 4.07% 20feb2024, NOK   NOK 02/20/2024 05/18/2016 ***.**** * 05/18/2016 ***.**** *
Corporacion Andina de Fomento (CAF), 4.25% 1sep2016, AUD   AUD 09/01/2016 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Corporacion Andina de Fomento (CAF), 4.29% 6feb2026, NOK   NOK 02/06/2026 05/18/2016 ***.** *.** 05/18/2016 ***.** *.*
Corporacion Andina de Fomento (CAF), 4.375% 15jun2022, USD   USD 06/15/2022 05/18/2016 ***.* *.** 05/18/2016 ***.* *.**
Corporacion Andina de Fomento (CAF), 4.5% 5jun2025, AUD   AUD 06/05/2025 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Corporacion Andina de Fomento (CAF), 4.625% 29mar2018, EUR   EUR 03/29/2018 05/18/2016 ***.* *.** 05/18/2016 ***.** -*.*
Corporacion Andina de Fomento (CAF), 6.25% 8nov2023, AUD   AUD 11/08/2023 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Elecar, 8.50% 10apr2018, USD   USD 04/10/2018 05/18/2016 **.* **.** 05/18/2016 **.** **.**
PDVSA, 12.750% 17feb2022, USD   USD 02/17/2022 05/18/2016 **.** **.** 05/18/2016 **.* **
PDVSA, 5.125% 28oct2016, USD   USD 10/28/2016 05/18/2016 ** **.** 05/18/2016 **.** **.**
PDVSA, 5.250% 12apr2017, USD   USD 04/12/2017 05/18/2016 **.** **.** 05/18/2016 **.** **.**
PDVSA, 5.375% 12apr2027, USD   USD 04/12/2027 05/18/2016 **.** **.** 05/18/2016 **.* **
PDVSA, 5.50% 12apr2037, USD   USD 04/12/2037 05/18/2016 **.* **.** 05/18/2016 **.* **.**
PDVSA, 6% 15nov2026, USD   USD 11/15/2026 05/18/2016 **.** **.** 05/18/2016 **.** **.**
PDVSA, 6% 16may2024, USD   USD 05/16/2024 05/18/2016 **.*** **.** 05/18/2016 **.* **.**
PDVSA, 8.50% 2nov2017, USD   USD 11/02/2017 05/18/2016 **.*** **.** 05/18/2016 **.*** **.**
PDVSA, 9.0% 17nov2021, USD   USD 11/17/2021 05/18/2016 **.* **.** 05/18/2016 **.** **.**
PDVSA, 9.750% 17may2035, USD   USD 05/17/2035 05/18/2016 ** **.** 05/18/2016 **.** **.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
150 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Bond Maps
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access