Bono Del Sur By October

Venezuela and Argentina will launch their much-anticipated “Bono del Sur” by October 15, at the latest, according to Venezuela’s finance minister, Nelson Merentes. The bond, to be issued jointly by the two sovereigns, as announced earlier this year, will total $5 billion and will be offered in tranches of $1 billion. Two of these tranches are expected before the end of the year. The bond will be issued from Venezuela.