Caracas, 20 Ago. AVN .- Venezuela"s President Hugo Chavez informed on Tuesday that the state-run oil company PDVSA plans to issue US$ 2 billion in bonds, through the new Public Stock Exchange established in the new Stock Market Law.

The announcement was made on Thursday during an act to grant guarantees of payment to depositors swindled by the bank Banco Federal.

“This belongs to the economic strategy, Venezuela"s public debt is really low regarding our GDP, so we still have space to get into debt for diverse development works,” he explained.

He explained that the new Public Stock Exchange will be used to carry out operations with fixed-income securities and variable return securities, and place public debt bonds.

“State companies can place their securities in this market as well as the organized community, small and medium industries and private companies,” he added.