Rating agency downgrades the oil-exporting sovereign to CCC- from CCC
Category: Venezuela
Posted inDaily Brief
PDVSA ponders LM exercise after culling investor calls
With $4bn due this year, investors are skeptical the cash-strapped Venezuelan oil unit can meet its obligations
Posted inDaily Brief
CAF tightens dollar benchmark trade
LatAm development bank gets $1.25bn in three-year paper flat to its existing curve
Posted inDaily Brief
CAF readies 2020 bond sale
Latin American development bank takes further steps to meet its $4bn external funding target for 2017
Posted inDaily Brief
Investors skeptical on PDVSA calls
Venezuelan state-owned oil company has nominated BancTrust to hold investors calls this week, sources say
Posted inDaily Brief
Venezuela seeks more bond buyers
Oil-exporting sovereign issuer could offload up to $710m in credit-linked securities to Nomura
Posted inDaily Brief
Venezuela misses Russia loan payment
Bond buyers begin to doubt if the country and the state-owned oil company PDVSA can meet their interest payments
Posted inDaily Brief
Venezuela courts skeptical investor base
Oil-exporting sovereign seeks to offload up to $5bn in 2036 bonds
Posted inDaily Brief
PDVSA bonds remain stable despite sanction talks
State-owned oil company’s notes widen sightly as reports surface that the US could bar Venezuelan oil
Posted inMagazine
Knossos’ bold Venezuela bet
As Venezuela grapples with low oil prices, economic obligations and political chaos, one hedge fund has bet with the government—until now