Nomura bought controversial Venezuelan bonds at discount: sources
The logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai
Get Alerts GS Hot Sheet
Join SI Premium – FREE
CARACAS/TOKYO (Reuters) - Japanese investment bank Nomura Securities bought about $100 million worth of Venezuelan government bonds last week as part of the same transaction that has landed Goldman Sachs Group Inc (NYSE: GS) in the middle of a political storm, two sources said on Thursday.
Nomura's <8604.T> trading arm paid about $30 million for the debt, a steep discount to where the troubled country's bonds trade in the market, the Wall Street Journal reported earlier, citing people familiar with the matter. (http://on.wsj.com/2qGSDyY).
The sources in Tokyo with knowledge of the deal confirmed that Japan's biggest investment bank paid $30 million for the bonds.
A spokeswoman for Japan's biggest investment bank declined to comment.
Goldman has said its asset-management arm acquired $2.8 billion of the October 2022 bonds issued by Venezuela's oil company PDVSA "on the secondary market from a broker and did not interact with the Venezuelan government".
The president of Venezuela's opposition-run Congress, Julio Borges, accused Goldman of "aiding and abetting the country's dictatorial regime" in the deal.
Venezuela's opposition has campaigned to dissuade Wall Street firms from financing the President Nicolas Maduro's government, which has drawn international condemnation for abuses of power and human rights violations.
The nation's opposition-led National Assembly on Tuesday voted to ask the U.S. Congress to investigate the Goldman deal, which they called immoral, opaque, and hypocritical given the socialist government's anti-Wall Street rhetoric.
(Reporting by Corina Pons in Caracas, Marianna Parraga in Houston, Subrat Patnaik in Bengaluru and Emi Emoto in Tokyo.; Editing by Brian Ellsworth, Tomasz Janowski and Joseph Radford)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hungary Paks nuclear plant could operate at full capacity by Wednesday, PM Magyar says
- Germany's Merz to press cabinet for faster pro-growth reforms
- ECB chief Lagarde 'ready to serve' WEF, Swiss newspaper reports
Create E-mail Alert Related Categories
ReutersRelated Entities
Goldman Sachs, NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share