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Published on 11/6/2023 in the Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

N+V makes outsider tender offer for Venezuelan bonds

Chicago, Nov. 6 – Outsider N+V AG has made a public tender offer for up to €50 million total nominal value to holders of bonds issued by the Bolivarian Republic of Venezuela, according to a notice.

N+V is offering to purchase the bonds (ISINs: USP17625AA59, USP17625AB33, USP17625AC16, USP17625AD98, USP17625AE71, USP9395PAA95, USP97475AD26, USP97475AG56, USP97475AJ95, USP97475AN08, USP97475AP55, US922646AS37, US922646AT10, US922646BL74, XS0217249126) against payment of a purchase price of 10% of the nominal amount.

No interest would be paid.

Under the offer, the bonds would be transferred in ownership to N+V.

The acceptance period runs from Nov. 2 to noon ET on Nov. 30 (kontakt@nv.ag).


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