Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 1 (16 lettori)

probabilità recovery

  • 1

    Votes: 21 48,8%
  • 100

    Votes: 6 14,0%
  • 50

    Votes: 16 37,2%

  • Total voters
    43
Stato
Chiusa ad ulteriori risposte.

fabriziof

Forumer storico
si comincia male
As investors deem Nicolás Maduro's government fails to take effective actions to prevent the Venezuelan economy from slowing down, the risk perception of Venezuela's bonds increases.

Both sovereign and oil giant Pdvsa's bonds maturing in 2027 and 2022 have dropped 1.44 and 1.55 points, respectively.

Investment funds are requiring higher yields to keep Venezuelan bonds in their portfolios. Indeed, the insurance premium to cover any defaults by the Venezuelan state soared 33% in January, according to investment firm Kapital.

The rise in investors' risk perception means that if the government decides to sell new bonds to obtain financing, it will end up paying a higher interest rate.
 

tommy271

Forumer storico
si comincia male
As investors deem Nicolás Maduro's government fails to take effective actions to prevent the Venezuelan economy from slowing down, the risk perception of Venezuela's bonds increases.

Both sovereign and oil giant Pdvsa's bonds maturing in 2027 and 2022 have dropped 1.44 and 1.55 points, respectively.

Investment funds are requiring higher yields to keep Venezuelan bonds in their portfolios. Indeed, the insurance premium to cover any defaults by the Venezuelan state soared 33% in January, according to investment firm Kapital.

The rise in investors' risk perception means that if the government decides to sell new bonds to obtain financing, it will end up paying a higher interest rate.

Apertura sotto tono per il 2017 5.25%, bid/ask 65,95 - 67,50.
 

tommy271

Forumer storico
Citgo Corpus Christi Said to Shut Refinery for 35 Days Work

By Barbara Powell February 06, 2014







Citgo Petroleum Corp. began shutting both plants at its Corpus Christi, Texas, refinery yesterday for about 35 days of planned maintenance, according to a person with knowledge of the work.

The turnaround includes a crude unit at the East Plant and a coker, sulfur recovery unit and mixed distillate hydrotreater at the West Plant, said the person, who asked not to be identified because the information isn’t public.
A message on a community hotline on Feb. 3 said that the refinery planned to shut units for planned maintenance until March 10.

Fernando Garay, a Houston-based spokesman for Citgo, didn’t immediately respond to an e-mail and voice mail seeking comment. Garay said in an e-mail on Feb. 4 that the company doesn’t disclose its planned maintenance schedules.

Citgo’s Corpus Christi East and West plants have a combined capacity of 165,000 barrels a day, according to data compiled by Bloomberg.
Citgo is a subsidiary of Petroleos de Venezuela SA, the state oil company of Venezuela.


To contact the reporter on this story: Barbara Powell in Houston at [email protected]
 

tommy271

Forumer storico
Ninth annual CITGO-Venezuela Heating Oil Program to warm thousands of families during cold winter months

Friday, Feb 07, 2014






HOUSTON, Feb. 5, 2014 /PRNewswire/ -- CITGO Petroleum Corporation and Citizens Energy Corporation are pleased to announce the launch of the ninth annual CITGO-Venezuela Heating Oil Program today. The CITGO-Venezuela Heating Oil Program, the only of its kind in the United States, has donated more than 235 million gallons of heating oil to more than 1.8 million people since 2005. As in previous years, this program will assist families, homeless shelters, and Native American tribes in 25 states and the District of Columbia.

According to the National Energy Assistance Directors' Association, this year nearly seven million US households will need heating assistance. The typical heating oil customer who lives in the Northeast is expected to spend more than $2,000 on fuel this winter, up 35 percent from the winter of 2008-2009. Families living in older homes will spend as much as $4,000 to keep the house warm.

"We have committed to this program once again this year because we see it as a humanitarian effort that helps our most vulnerable neighbors stay warm during one of the coldest winters in history," said Nelson P. Martinez, President and CEO of CITGO Petroleum Corporation. "We can't relieve the need for everyone but this is our humble contribution to share the responsibility of improving the quality of life in our communities by using the strength of our resources to help those in need. This is one of the most important values we share with our shareholder, Petroleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela," he added.

The CITGO-Venezuela Heating Oil Program began as a single donation in response to the skyrocketing price of heating oil in the aftermath of hurricanes Katrina and Rita. Ever since, CITGO has dedicated itself to providing vital energy assistance for those who are forced to make the choice between purchasing vital necessities like food and medicine and heating their homes.

Since the first year of the heating oil program, CITGO has partnered with Citizens Energy Corporation, a non-profit created in 1979 by former U.S. Rep. Joseph P. Kennedy II, to deliver the fuel. Citizens Energy Corporation, which has used successful ventures in the energy and health care industries to finance charitable programs in the U.S. and abroad, has provided energy assistance to families in need for more than 30 years.

"The poor are facing a terrible hardship this winter," said Kennedy. "Federal fuel assistance has dropped 40 percent over the last few years while heating oil prices have jumped by a third. With the kind of cold we've experienced this winter, the federal aid just doesn't go as far. It's a triple whammy on the poor. That's why the generosity of CITGO Petroleum and the people of Venezuela is so important – it helps fill the fuel gap for the most vulnerable among us."

The Venezuelan Vice Minister of Foreign Affairs for North America, Claudia Salerno Caldera, who attended last year's launch of the program, expressed the support of the Venezuelan government again this year. "Helping the poor is a humanitarian principle that is inherently tied to responsible energy policy in the Bolivarian Republic of Venezuela and one that transcends geographical boundaries," she said. "President Chavez promoted this program in response to a request for humanitarian aid at a time of high fuel prices. President Maduro has ratified this support, so that the program will continue to warm US homes as a sign of solidarity between the peoples of Venezuela and the United States."

Families struggling to pay for home heating oil can call Citizens Energy Corporation at 1-877-563-4645, to see if they are eligible for heating oil assistance. Once approved, the household will receive an authorization letter with details for arranging a one-time delivery of up to 100 free gallons of oil.

CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petroleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela. For more information visit www.citgo.com.

Beginning in 1979 with oil-trading ventures in Latin America and Africa, Citizens Energy has used revenues from commercial enterprises to channel millions of dollars into charitable programs in the U.S. and abroad. Whether heating the homes of the elderly and the poor, lowering the cost of prescription drugs for millions of Americans, or starting solar heating projects in Latin America, Citizens Energy creates social ventures as innovative as the businesses that finance them. For more information, visit www.citizensenergy.com.

***
Se serve "oil" ... sapete a chi rivolgervi :-o.
 

tommy271

Forumer storico
ancora qualche ritocchino verso l'alto nei prezzi...merito probabilmente della salito del prezzo del greggio....si mantiene...
piuttosto sarebbe interessante quantificare i bond in scadenza nel 2014 tra petroleos e venezuela...sulle borse europee vedo due emissioni in scadenza ad ottobre c.a. per un controvalore di 4.5 bilioni ma sono certo che le emissioni internazionali sono ben di più
qualcuno (Tommy?) dispone di questi dati?
curiosità: venezuela 2014 ask 99 pdvsa 2014 ask 95, un paio di punti di rendimento per via della cedola ma la differenza rimane comunque abbastanza ampia

Ti rispondo molto in ritardo ... già nel tuo post successivo quantificavi in circa 5,5 MLD.

Non ho dati certi, ma avevo letto di bond in scadenza per il Venezuela nell'ordine di circa 4 MLD annui sino al 2020 con un forte "picco" nel 2017.

Se i dati sono veritieri, direi poca roba ...

Rilancio la tua domanda ad altri ... Policemen puoi aiutarci?
 

Myskin

Forumer stoico
Ti rispondo molto in ritardo ... già nel tuo post successivo quantificavi in circa 5,5 MLD.

Non ho dati certi, ma avevo letto di bond in scadenza per il Venezuela nell'ordine di circa 4 MLD annui sino al 2020 con un forte "picco" nel 2017.

Se i dati sono veritieri, direi poca roba ...

Rilancio la tua domanda ad altri ... Policemen puoi aiutarci?

i dati petroleos sono certi perchè li ho presi direttamente sul sito nel rendiconto finanziario al 31/12/2013....venezuela non so, credo sia abbastanza un ginepraio ricavare qualcosa, comunque facciamo cifra tonda, diciamo che tra venezuela e pdsva devono tirare fuori 10 bilioni, la mia domanda è: come si rifinanziano? (spero NON tramite il nostro apporto :lol:)
"In order to stop this downward trend, we expect the government to issue bonds denominated in foreign currency for some USD 10 billion in 2014," Barclays said.

Da altra fonte:

Venezuela: PDVSA set to issue US$4.5bn in bonds

ultima traccia di un'emissione obbligazionaria di pdvsa

qui invece un sunto della situazione

Venezuelan Daily Brief
 
Ultima modifica:

tommy271

Forumer storico
Dal tuo post dell'Economist:

Despite these concerns, we retain our current forecast that the government will not default on its debt during the 2014-18 forecast period.

***
Io ci conto ... :lol:.
Mi fermo al 2017 :-o.
 
Stato
Chiusa ad ulteriori risposte.

Users who are viewing this thread

Alto