Tuesday, September 13, 2016

UPDATE 3-Venezuela's PDVSA offers $7 bln bond swap to ease debt burden

MEXICO CITY/CARACAS, Sept 13 (Reuters) - Venezuela's state

oil company PDVSA on Tuesday proposed a bond swap for $7 billion

in outstanding debt to lower the financial burden on the

cash-strapped company, which is at the center of the OPEC

nation's unraveling socialist economy.

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