UPDATE 1-Venezuela eyes Sept PDVSA issue, Q4 growth

* Bond would be second major debt issue this year

* Q4 economic growth expected (Adds details)

By Eyanir Chinea

CARACAS, Aug 25 (Reuters) - Venezuela is preparing a $2 billion dollar-denominated bond issue by state oil firm PDVSA for September, a senior government source told Reuters on Wednesday.

"We're getting it ready for the start of September, during the first two weeks," the source said.

The PDVSA issue would be the OPEC member country's second big debt issue this year after the government sold $3 billion of bonds earlier this month. For details, see [ID:nN16259736]

The source, speaking on condition of anonymity, added that Venezuela should emerge from recession at the end of this year to register marginal fourth quarter growth.

Venezuela's economy began contracting in early 2009 and saw a 1.9 percent fall in the second quarter of 2010, compared with the same period of last year. [ID:nN19271117]

"In the fourth quarter we should grow, modestly," the source said. He added that the economy would still fall overall in 2010, but register growth in 2011 and 2012.

(Additional reporting by Marianna Parraga; Writing by Andrew Cawthorne, Editing by W Simon )