betting babe (thanks again BB here you go again PAL TALK HERE IS THE REAL BOND IT IS NOT FICTION) Member
Member Rated: posted August 14, 2006 00:23 -------------------------------------------------------------------------------- 2006-04-28 10:28:33 Conversion Solutions announces $500 million investment Funding agreement with Ismet Paez of The Caracas Group
KENNESAW, Ga., /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. (OTC Pink Sheets: CVSU) announces that during the SB-2 filing process the following current events have taken place.
CVSU would like to announce the signing of a Global Funding agreement with Ismet Paez of The Caracas Group. The funding agreement brings 500 Million United States Dollar denominated Global, Bonds on the Republic of Venezuela with a 13.625% annual coupon, to CVSU's financials. The bond has been loaded in the Euroclear system with the following codes:
ISIN Number: US922646AT10
Common Code: 008975540
CUSIP: 922646AT1
BB Registration: A-989/08/01 to A-989/08/19
The bond also trades under symbol (VEZD) on the Deutsche Borse Frankfort market.
"We have been working diligently toward Hypothecation of the Bonds for liquidly. We have received written pre-approval for a credit line on the bonds and are in the final phases of execution. This process is very important to the launch of CVSU's business model for the funding of the projects and Asset Backed Security (ABS) origination," stated Ben F. Stanley, COO.
"The Board of directors has decided to complete the Credit facility prior to filing the SB-2; we feel that the addition of this asset is beneficial to the shareholders value," stated Rufus Paul Harris, CEO.
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REPUBLIC OF VENEZUE 13.6250 15/08/18 US922646AT10 008975540 13.625 USD 06 Aug 1998 15 Aug 2006 14 Aug 2006 G BOND 31 Jul 1998
Euroclear sitr posted above. 13.625 is the interest rate
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