Venezuela

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Venezuela

KEY INDUSTRY VIEWS: VENEZUELA

NEW DEVELOPMENTS

April 17, 2013
Calculations for Payments on Venezuela Oil Obligations Announced; Effective Record Date of March 29 and Payment Date of April 15. Trades are "Ex-Dividend" on March 27.

April 15, 2013
Nicholas Maduro Narrowly Elected President of Venezuela. Market Reaction from Credit Suisse, Goldman Sachs and UBS.

January 16, 2013
EMTA Special Seminar: The Economic and Political Outlook for Venezuela to be Held on February 5, 2013. Click Here to Register.

October 19, 2012
Calculations for Payments on Venezuela Oil Obligations Announced.

October 10, 2012
President Chavez Re-elected in Venezuela. Market reaction by Bulltick Capital Markets, Goldman Sachs and UBS.

September 28, 2012
Venezuela Oil Obligations Effective Record Date of September 28 and Payment Date of October 15. Trades are "Ex-Dividend" on September 26.

April 10, 2012
Calculations for Payments on Venezuela Oil Obligations Announced.

April 2, 2012
Venezuela Oil Obligations Effective Record Date of March 30 and Payment Date of April 16. Trades are "Ex-Dividend" on March 28.

January 27, 2011
Venezuela Withdraws from ICSID (Sullivan & Cromwell Memo).

January 26, 2011
Venezuela Withdraws ICSID Membership. English / Spanish

October 14, 2011
Venezuela Oil Obligations Record Date of October 3 and Payment Date of October 17. Trades are "Ex-Dividend" on September 29. Calculations for Payments on Venezuela Oil Obligations Announced.

August 19, 2011
Standard & Poor’s Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Default Rating from BB- to B+.

April 14, 2011
Calculations for Payments on Venezuela Oil Obligations Announced.

April 13, 2011
Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.

December 21, 2010
Skye Ventures v. Venezuela.

October 7, 2010
Calculations for Payments on Venezuela Oil Obligations Announced.

September 28, 2010	Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
May 18, 2010	Venezuela Published New Foreign Exchange Regulation (in Spanish).
April 1, 2010	Calculations for Payments on Venezuela Oil Obligations Announced.
March 10, 2010	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
October 13, 2009	Calculations for Payments on Venezuela Oil Obligations Announced.
September 30, 2009	"Venezuela: A Good Offense is the Best Offense." Presentation by Ruth de Krivoy, Economic Advisor to Global Source and Former President of the Central Bank of Venezuela. Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
April 14, 2009	Calculations for Payments on Venezuela Oil Obligations Announced.
March 10, 2009	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
December 15, 2008	Fitch Downgrades Venezuela's Issuer Default Rating from BB- to B+.
October 10, 2008	Calculations for Payments on Venezuela Oil Obligations Announced.
September 23, 2008	Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 26. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
April 9, 2008	Calculations for Payments on Venezuela Oil Obligations Announced.
March 24, 2008	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
March 20, 2008	Mobil Cerro Negro v. PDVSA - Reasons for Judgment to Discharge Freeze in the UK.
March 18, 2008	Mobil Cerro Negro v. PDVSA - Summary of Order to Discharge Freeze in the UK.
March 11, 2008	Mobil Cerro Negro v. PDVSA - Oral Argument in US.
February 22, 2008	Mobil Cerro Negro v. PDVSA - SDNY Orders Confirming Attachments and Authorizing Deposit of Funds.
February 20, 2008	M oody's Comments on Legal Injunctions Against Petroleos de Venezuela, S.A.
February 13, 2008	Mobil Cerro Negro v. PDVSA - US Attachment Orders.
February 11, 2008	Standard & Poor's Statement: Petroleos de Venezuela S.A., Venezuela, And Related Issuers Ratings Unaffected By Court Ruling.
February 8, 2008	Mobil Cerro Negro v. PDVSA - UK Freeze Order. Fitch Ratings Statement: British Court Order to Freeze PDVSA Assets To Have Minimal Near-Term Impact.
January 10, 2008	Market Practice Recommendation Regarding the Fungibility of Venezuela Oil Obligations.
November 20, 2007	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants , and EMTA Advisories Regarding Venezuela Oil Obligations and Their Related Payments and Nigeria Payment Adjustment Warrants and Their Related Payments.
October 16, 2007	Calculations for Payments on Venezuela Oil Obligations Announced.
September 24, 2007	Venezuela Oil Obligations Record Date of September 28 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 26. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
September 21, 2007	Ellington v. HSBC.
September 10, 2007	Ellington v. HSBC.
August 3, 2007	Seguros Caracas de Liberty Mutual v. Goldman Sachs.
June 7, 2007	Netting and Offset Facilities Completed for Nigeria and Venezuela Warrants. EMTA Summer Forum in London to be Held on June 28, 2007. Details TBA.
June 6, 2007	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants.
May 23, 2007	Seguros Caracas de Liberty Mutual v. Goldman Sachs.
May 15, 2007	Moody's Downgrades Cerro Negro - Merrill Lynch Commentary.
May 14, 2007	Moody's Downgrades Cerro Negro from B1 to B3.
May 2, 2007	Venezuela Statement Regarding IMF and IBRD Membership.
April 5, 2007	Calculations for Payments on Venezuela Oil Obligations Announced.
April 4, 2007	Venezuela Oil Obligations Record Date of March 30 and Payment Date of April 16 Expected. Trades are "Ex-Dividend" on March 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
January 31, 2007	Market Advisory on the Fungibility of Venezuela Oil Obligations.
October 25, 2006	EMTA Advisory Regarding Venezuela Oil Obligations and Their Related Payments.
October 6, 2006	Calculations for Payments on Venezuela Oil Obligations Announced.
August 21, 2006	EMTA Announces 2Q 2006 Debt Trading Volume Stood at US$1.659 Trillion. Venezuela Oil Obligations Record Date of September 29 and Payment Date of October 16 Expected. Trades are "Ex-Dividend" on September 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
July 26, 2006	EMTA Market Practice Recommendation Regarding Venezuela Oil Obligations and Their Related Payments.
April 13, 2006	Venezuela to Redeem Par and Discount Series B Bonds - Fiscal Agent Notice.
April 10, 2006	Calculations for Payments on Venezuela Oil Obligations Announced.
March 28, 2006	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 17 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
March 17, 2006	Venezuela to Redeem Par and Discount Series A Bonds - Fiscal Agent Notice. Calculations for Payments on Mexico VRR's, Series D, Announced and Revised Primer.
February 25, 2006	Venezuela Announces Plans to Retire All Outstanding Par and Discount Bonds. Click Here for Spanish Version.
February 22, 2006	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants .
February 15, 2006	EMTA Announces Its Proposed Multilateral Netting Facility for Venezuela Oil Obligations. EM Sovereign Bond Chart for Iraq.
February 3, 2006	Standard & Poor's Upgrades Venezuelan Long-Term Rating to BB-.
October 5, 2005	Calculations for Payments on Venezuela Oil Obligations Announced.
September 21, 2005	EMTA Market Recommendation Regarding Venezuela Oil Obligations.
September 14, 2005	Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 17 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
August 12, 2005	Standard & Poor's Raises Long-Term Foreign Currency Rating on Venezuela at B+.
June 17, 2005	EMTA Market Recommendation Regarding Venezuela Oil Obligations and Revised Primer.
April 4, 2005	Calculations for Payments on Venezuela Oil Obligations Announced.
February 28, 2005	Calculations for Payments on Venezuela Oil Obligations Announced.
February 18, 2005	Venezuela Announces Oil Payment.
January 27, 2005	Statement from Venezuelan Finance Ministry on Oil Obligations.
January 24, 2005	Commentary from CFSB on Venezuela Oil Obligations.
January 20, 2005	Commentary from JP Morgan on Venezuela Oil Obligations.
January 19, 2005	Statement from Venezuelan Finance Ministry and Associated Press on Paying Oil Obligations.
January 18, 2005	Standard & Poor’s Lowers Venezuela’s Long- and Short-Term Foreign Currency Ratings to ‘SD’ from ‘B’. Excerpts from Venezuela Oil Obligation Certificate, Venezuela Discount and Par Bonds and Fiscal Agency Agreement. EMTA's Primer on the Oil Obligations.
December 2, 2004	Presentation by Tobias Nobrega, Minister of Finance of the Bolivarian Republic of Venezuela, at the EMTA Annual Meeting. Minister Nobrega Announces VEB Devaluation at EMTA Annual Meeting - Commentary from Luis Oganes (J.P. Morgan). EMTA Annual Meeting Buy Side Panel - "Switch to the Local" by James Crombie, IFR. EMTA Annual Meeting Sell Side Panel - Market Views on Key Variables for 2005. EMTA Annual Meeting Handouts: Biography of Tobias Nobrega, Minister of Finance of the Bolivarian Republic of Venezuela, Investor Panelist Biographies, Sell Side Panelist Biographies, Meeting Agenda.
November 8, 2004	EM Sovereign Bond Chart for Venezuela.
October 6, 2004	Mendoza Province of Argentina Responds to Legal Action. Notice from the Fiscal Agent Regarding Delay in Venezuela Warrant Calculation.
September 8, 2004	EMCC Notice Regarding Exiting of Failed Warrant Transactions.
September 19, 2003	EM Sovereign Bond Documentation Chart for Venezuela.
July 30, 2003	Venezuela BuyBack of Brady Bonds.
May 21, 2003	EMTA Issues New NDF Market Practice for VEB/USD Non-Deliverable FX and Currency Option Transactions.
February 6, 2003	The Gaceta Oficial de la Republica Bolivariana de Venezuela Dated February 5, 2003 Publishes New Regulations Establishing a New Foreign Exchange Regime in Venezuela Centralizing the Buying and Selling of Foreign Exchange with the Banco Central de Venezuela, Fixing an Official VEB/USD Exchange Rate and Establishing a New Administration (CADIVI) to Administer the New Regime and to Issue Implementing Regulations.
January 28, 2003	EMTA Issues New VEB NDF Market Practice.
December 3, 2001	New Venezuela Market Practices for the Separate Trading of USD Discount and Par Bonds and their Related Oil Obligations, Together with a Revised Primer.
November 15, 2001	Primer on Venezuela Oil-Indexed Payment Obligations. Citibank Distributing Late Nigeria Warrant Payment Today.
10:30 A.M. December 5, 2000	Venezuela Affirms Interest Payment Made on Par Bonds; Euroclear Confirms Receipt. Delay Due Solely to Technical Glitch. For Further Information, Contact Fiscal/Paying Agent at (212) 946-3013/3026.
September 27, 1996	Market Practice for trades of Brady bonds with related Rights or Warrants.