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No plan to modify PDVSA bond-central bank head

By: AFX | 20 Oct 2009 | 04:11 PM ET

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CARACAS, Oct 20 (Reuters) - Venezuela is not currently planning to modify PDVSA bond conditions for 2014, 2015, and 2016, the Venezuelan Central Bank President Nelson Merentes said on Tuesday. "For now, we are not planning to modify the conditions of the PDVSA bonds," Nelson Merentes told Reuters. Traders said low demand for the bond issue, which opened on Monday, has triggered speculation that the state oil company will lower the price of the paper, currently set at 138 percent. Earlier, Venezuelan Finance Minister Ali Rodriguez said it was premature to evaluate the demand for the 2014, 2015, 2016 bond issues. The order book closes on Thursday. (Reporting by Eyanir Chinea and Marianna Parraga; Writing by Rebekah Kebede; Editing by Kenneth Barry) Keywords: VENEZUELA BONDS/ (rebekah.kebede@thomsonreuters.com; Reuters Messaging: rebekah.kebede.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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