Venezuela issues $5 billion to state-run bank

People line up to get into a Banco de Venezuela branch in San Antonio del Tachira, Venezuela December 13, 2016. REUTERS/Carlos Eduardo Ramirez

Venezuela has issued $5 billion in dollar bonds to state-run Banco de Venezuela in a private placement, a government source with knowledge of the operation said on Monday.

The issue was carried out last week, said the source, who asked not to be identified.

The Central Bank did not immediately respond to an email seeking comment.

Reuters/Hauwa M.