Wall Street Journal: Venezuela’s PdVSA to Offer to Swap $7 Billion in Debt ​

pdvsa-dog“They are doing this because they don’t have other choices,” said Russ Dallen, a managing partner at Caracas Capital, an investment bank.  Venezuela has about $12 billion in its international reserves, falling short of the $15 billion of its total debt maturing between the sovereign and PdVSA, according to Caracas Capital.  

http://www.wsj.com/articles/venezuelas-pdvsa-to-offer-to-swap-7-billion-in-debt-1473878226

Leave a Reply

Your email address will not be published.