(Bloomberg) -- Venezuela's Finance Minister Rodrigo
Cabezas said the government may repurchase some of its
international bonds during the fourth quarter as part of a plan
to cut its reliance on foreign markets.
Venezuela hasn't sold foreign debt this year and in 2006
reduced foreign bond borrowing by $4 billion, either by
repurchases or redemptions. Much of the government's spending is
funded by President Hugo Chavez's off-budget National
Development Fund, known as the Fonden.
Read more at Bloomberg Bonds News
Cabezas said the government may repurchase some of its
international bonds during the fourth quarter as part of a plan
to cut its reliance on foreign markets.
Venezuela hasn't sold foreign debt this year and in 2006
reduced foreign bond borrowing by $4 billion, either by
repurchases or redemptions. Much of the government's spending is
funded by President Hugo Chavez's off-budget National
Development Fund, known as the Fonden.
Read more at Bloomberg Bonds News
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