Venezuela, Argentina to announce Bono del Sur III add-on results Tuesday

By Caroline Salls

Pittsburgh, Oct. 1 - Venezuela and Argentina will announce the results of their offering of a $1.2 billion add-on to their Bono del Sur III in two tranches on Tuesday, according to a company news release.

The results were originally scheduled to be announced on Monday.

As previously reported, Venezuela is offering $600 million of 7 1/8% fixed-rate notes due March 20, 2015, and Argentina is offering $600 million Boden 15 notes due Oct. 3, 2015, with a coupon of 7%.

Investors must buy a minimum of $3 million of the notes and must buy the notes in increments of $1.5 million after that.

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