Barron’s: What’s Next In Venezuela: Lopez Freed, Sunday Vote, Pdvsa Financials?

Russ Dallen, a lawyer, publisher and investor in Venezuela bonds via Caracas Capital, writes that there are two big things on the Venezuela agenda, including the possibility of more information on the finances and debt at state-controlled oil company Petroleos de Venezuela (Pdvsa):

“… Two big things on the Venezuela agenda for today. The first is for leaks coming out of PDVSA investor calls organized by BancTrust which are supposed to be held today — and the release of PDVSA 2016 financials cannot be far behind. The second big news of the day will be whether Venezuela pays Gold Reserve the $29.5 million installment on the $1.036 billion settlement. Previous agreements to pay Gold Reserve its $800 million International Centre for Settlement of Investment Disputes (ICSID) judgment have gone unpaid, until this latest agreement saw Venezuela cough up $40 million on June 16. … Crystallex — which has a $1.4 billion ICSID judgment — is getting a great deal more aggressive in its attempts to collect. They have filed a preliminary injunction on $710 million Venezuela credit linked notes at Nomura …”

http://www.barrons.com/articles/whats-next-in-venezuela-lopez-freed-sunday-vote-pdvsa-financials-1499708358

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