The tender launched June 28 was conditioned upon receiving a majority consensus from its shareholders to amend provisions of several bonds that were offered under the senior indenture. The nine sets of bonds have maturing dates ranging from 2006 to 2028.
The tender offer is scheduled to close on July 26, and PDVSA Finance will settle payments August 2.
JP Morgan-Chase is advising PDVSA Finance on the transaction. Deutsche Bank is acting as an underwriter, a bank official told BNamericas.
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