CORRECTED - (OFFICIAL)-Venezuela launches $1.5 billion debt bond

(In Nov 5 story, corrects local bond coupons after ministry issues statement to correct data, lowering coupon payments to 11.5 percent from 12 percent and to 9.7 percent from 11.5 percent, paragraph 4)

CARACAS, Nov 5 (Reuters) - Venezuela launched a $1.5 billion debt issue on Monday, including $750 million in international bonds that will mature in 2038, the economy ministry said in a statement.

The issue is made up of international debt and local paper denominated in the local bolivar currency, but the combination package can be bought in bolivars.

The international bonds have an interest coupon payment of 7 percent.

The half of the issue that is made up of local paper, known as V-Bonds, is split between a bond that matures in 2014 with an 11.5 percent coupon and one that matures in 2015 with a 9.7 percent coupon. (Reporting by Fabian Cambero and Ana Isabel Martinez; Writing by Saul Hudson; Editing by Dan Grebler)