More Bogus Venezuelan Bonds
This may actually be the final story on Venezuelan Bonds – but I doubt it. This time the story has morphed with some truly amazing schizophrenic tones.
Our group was asked to assist a person who wanted us to help them get money from the people to whom they lent a 25 million dollar V-Bond. The bond was lent to set up a bank and an insurance company in an Offshore Financial Center [OFC]. Knowing OFCs we do – the only place these bonds would pass for having any value is in “Wonderlandastan”. The borrower of the bond had claimed to the lender of the bond that he had been successful in setting up a banks and insurance company and would pay the owner any day as a result of this success in using the V-Bond. Well, heck… that was months ago and the prospective clients wanted the money.
So – as we get the assignment it was for us to collect money for a fraudster who used a Counterfeit of a Fraud V-Bond to raise money that the prospective client had produced? Thanks – even that would make the White Rabbit’s head spin – too much for him to wrap his ears around… To us, it looked like more jail terms than players.
Our analysis of the circle of frauds was summarily rebuked, and then we were told that we had no idea of what we was talking about – blah, blah, blah, blah….. and “…since the bond was issued in US dollars the bond was guaranteed by international treaty by the Federal Reserve…”
And as all readers should know, the US Federal Reserve cannot guarantee the value or authenticity of a foreign bond…
OK in short – nothing new but new bond pictures and documents for our discerning readers. SUBSCRIBE
Reverse of Venezuelan Bond
Hi there For any real end Buyer’s- for your Education and Information the Bolivarian Republic of Venezuela Ministry of Finance The Bolivarian Republic of Venezuela (the “Republic”) through the Ministry Finance, today announced February 25, 2006, its intention to repurchase all the outstanding balance of the Par and Discount Brady Bonds
(the “Brady Bonds Collateralized “) as follows:
• By running a private transaction that canceled outstanding advance balance of $ 579,128,000 of USA Discount Brady Bonds Series A (Identified by the ISIN No. XS0029475109) and $ 120,425,000 United States of America Discount Brady Bonds Series B (Identified by the ISIN No. XS0033292086) and-
• Early termination of the outstanding balance of the Collateralized Brady Bonds in accordance with the terms and conditions of each series of said bonds Brady Collateralized. The Republic estimated run private transaction canceled advance the outstanding balance of $ 579,128,000 of the United States of America Discount Brady Bonds Series A and $ 120,425,000 of United States of America Discount Brady Bonds Series B on or before of March 1, 2006. The Republic in advance canceled the remaining outstanding balance each of the series of Collateralized Brady bonds in the next date payment of interest on each series to be redeemed.
The following table identifies each series of Brady Bonds will be canceled Collateralized advance.
Series of Bonds: ISIN Number: Collateralized Brady Bonds to fixed rate Notes due 2020, Series A -XS0029483038 USD Pair Collateralized Brady Bonds to fixed rate Notes due 2020, Series B XS0033292912 USD Pair Collateralized Brady Bonds to fixed rate Notes due 2020, Series FF Par XS0029476925 Series of Bonds: ISIN Number: Collateralized Brady Bonds to fixed rate Notes due 2020, Series Pair LRA XS0029478897 Collateralized Brady Bonds to fixed rate Notes due 2020, Series Pair XS0029479515 CHF Collateralized Brady Bonds to fixed rate Notes due 2020, Series DM Par DE0004019708 Collateralized Brady Bonds to rate variable, due 2020, USD Discount Series A XS0029475109 Collateralized Brady Bonds to rate variable, due 2020, USD Discount Series BXS0033292086 Collateralized Brady Bonds to rat variable, due 2020, DM Series Discount DE0004019716 Referring to the prepayment stated above, the Republic delivered a letter to the Fiscal Agent pursuant to the terms and conditions of each series of Bonds Collateralized Brady. The Fiscal Agent timely and formally notified to investors, according the terms and conditions of each series of Bonds Collateralized Brady to be redeemed. This notice shall specify the date of redemption, the redemption price and the place or places of payment. All Collateralized Brady Bonds acquired by the Republic through the private transaction (for $ 579,128,000 U.S. American Discount Brady Bonds Series A and $ 120,425,000 of USA Discount Brady Bonds Series B) and by early termination of the remaining outstanding amount of Brady Bonds Collateralized will be delivered to the Fiscal Agent for redemption.
FYI. this is for the end Buyer’s Only, any LOI or RWA has to be Issue by the end Buyer’s no Broker’s or intermediaries, we can do the Venezuelan Bonds 60% of the face value of the Venezuelan Global Bond on Bloomberg or (Brady) if you Buyer’s is interested, purchase is very simple the following is the suggested.
Procedure:
1) We deposit the Bonds in a fiduciary account in Geneva
2) The Buyer confirm that the bonds are in custody with the Fiduciary
3) The buyer transfer the funds to the fiduciary account
4) BCV send a SWIFT MT599 Face Value 425M to the account of the Fiduciary
5) Bonds are then transferred to the Buyer
The Fiduciary will have a Trust Agreement of signed and agreed by both parties of the transaction for the release of the bonds and the payment of the transaction