Financial Times: Venezuela’s PDVSA wins short-term relief with bond swap

pdvsa-gas-stationRuss Dallen of Caracas Capital agreed the swap would provide short-term relief. “The bottom line is that there’s $1bn they don’t have to come up with on November 2 [when the next payment on the tendered bonds is due],” he said.

https://www.ft.com/content/719b23be-9a07-11e6-8f9b-70e3cabccfae

Leave a Reply

Your email address will not be published.