Bid Ask Bid Ask
Security Px Px YTM YTM Bench
——————————————————————————-
**Venezuela***
VENZ 10¾ 13 104.000-105.000 7.967/ 7.296 1YR
VENZ 8½ 14 99.500-100.000 8.711/ 8.493 2YR
VENZ 5¾ 16 87.000- 88.000 9.755/ 9.422 3YR
VENZ 13⅝ 18 105.000-106.000 12.473/12.252 5YR
VENZ 7 18 79.000- 80.000 11.555/11.305 5YR
VENZ 7¾ 19 80.000- 81.000 11.793/11.561 5YR
VENZ 6 20 70.250- 71.250 11.457/11.229 7YR
VENZ 12¾ 22 100.500-101.500 12.662/12.489 10YR
VENZ 9 23 80.750- 81.750 12.191/12.000 7YR
VENZ 8¼ 24 76.000- 77.000 11.981/11.794 7YR
VENZ 7.65 25 72.000- 73.000 11.914/11.723 7YR
VENZ 11¾ 26 94.000- 95.000 12.654/12.497 7YR
VENZ 9¼ 27 82.500- 83.500 11.720/11.558 7YR
VENZ 9¼ 28 79.000- 80.000 12.258/12.088 7YR
VENZ 11.95 31 93.500- 94.500 12.865/12.717 10YR
VENZ 9⅜ 34 79.500- 80.500 12.049/11.892 10YR
VENZ 7 38 66.500- 67.500 10.892/10.730 10YR
**PDVSA***
PDVSA 8 13 98.500- 99.500 8.945/ 8.305 2YR
PDVSA 4.9 14 87.500- 88.500 10.374/ 9.902 3YR
PDVSA 5 15 81.250- 82.250 11.388/11.005 3YR
PDVSA 5⅛ 16 77.000- 78.000 11.645/11.315 3YR
PDVSA 5¼ 17 74.750- 76.250 11.981/11.509 5YR
PDVSA 8½ 17 86.500- 87.500 11.823/11.555 5YR
PDVSA 9 21 77.500- 78.500 13.162/12.943 10YR
PDVSA 12¾ 22 95.250- 96.250 13.633/13.442 10YR
PDVSA 5⅜ 27 57.000- 58.000 11.403/11.197 10YR
PDVSA 5½ 37 55.000- 56.000 10.687/10.501 10YR
The prices contained herein are indicative as of the time of publication. They do not represent firm bids and offers. For up to date pricing please contact your Avila Capital Markets representative. This is not a recommendation, solicitation, or offer to buy or sell any securities or other financial products.
