Despite penning a $2bn agreement with Conoco, bond buyers remain skeptical over the sovereign’s ability to meet payments
Category: Venezuela
Posted inDaily Brief
Gold Reserve nets Venezuela payments
Washington state-based mining company receives roughly $88.5m in securities as part of $1bn settlement agreement
Posted inDaily Brief
US court green lights Citgo seizure
Crystallex targets the oil refiner, the largest US asset owned by PDVSA, in order to recoup Venezuelan government debt
Posted inDaily Brief
Venezuelan crisis poses economic risks to South America
Continued economic decline threatens to stifle growth in Colombia and the rest of the continent
Posted inDaily Brief
Venezuela’s Banesco appoints new CEO
More than a month after 11 of the bank’s top executives were arrested, Banesco taps Jose Grasso Vecchio to lead the firm
Posted inDaily Brief
Venezuela creditors show unity on potential restructuring talks
Group of institutional investors seek to “avoid disruption and costly legal action” over a hefty portion of the sovereign’s debt
Posted inMagazine
Fund managers steer through debt markets
After a year of good returns, bond investors in Latin America face increasing volatility — again. Elections and higher interest rates loom, keeping debt fund managers on their toes.
Posted inDaily Brief
CAF provides mid-week jolt with five-year euro note
Regional bank shakes off ECB announcement and bund sell-off to raise $589m worth of bonds
Posted inWeb Articles
Currency portability is key for Latin American financial integration, says B3’s Belchior
Markets must bridge the foreign exchange gap to create financial exchange integration and attract more investment to the region
Posted inDaily Brief
Venezuela pens PDVSA obligation
State-owned oil company starts process over a $107m payment on its 2020 bonds