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News Link • Venezuela

Venezuela's "Mysterious" Bond Deal Reappears, And This Time China Wants Out

• http://www.zerohedge.com

As its foreign reserves dwindle to less than $10 billion, the government of Venezuela – desperate for any kind of financial lifeline - has partnered with a Chinese brokerage to try and resell $5 billion in bonds that it initially issued at a deep discount, according to the Wall Street Journal. The brokerage, Haitong Securities USA, a unit of China's Haitong Securities, is quietly marketing the bonds to yield-starved hedge fund managers.

As its foreign reserves dwindle to less than $10 billion, the government of Venezuela – desperate for any kind of financial lifeline - has partnered with a Chinese brokerage to try and resell $5 billion in bonds that it initially issued at a deep discount, according to the Wall Street Journal. The brokerage, Haitong Securities USA, a unit of China's Haitong Securities, is quietly marketing the bonds to yield-starved hedge fund managers.

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