According to a report by analysts at JPMorgan, Venezuela’s state-owned oil company has activated a 30-day grace period for interest payments on its 2021, 2024 and 2035 bonds
Category: Venezuela
Posted inMagazine
Venezuela: Walking away
Multinational companies are increasingly looking to sell their Venezuelan operations to local players as the government struggles with its economy and debt load. By Robert Shaw
Posted inMagazine
AWARDS: Bank of the Year Venezuela
In a highly challenging market for financial institutions, this year’s winner stands out for controlling costs and advancing digitally
Posted inDaily Brief
Fitch downgrades PDVSA
Rating agency cuts Venezuela’s state-owned oil company a day after a bond swap intended to reduce the debt load
Posted inDaily Brief
PDVSA bonds trades up after swap
Venezuelan oil company nets almost 40% in 2017 bonds, prompting talk of another debt swap early next year, sources say
Posted inWeb Articles
Fitch downgrades Venezuela’s PDVSA
Rating agency cuts the state-owned oil company to CC from CCC one day after PDVSA announces the results of a debt swap intended to ease a crippling cash crunch
Posted inDaily Brief
AIG sells some LatAm units to Canada’s Fairfax
US insurance company offlaods its businesses in Argentina, Chile, Colombia, Uruguay and Venezuela
Posted inDaily Brief
PDVSA extends bond swap deadline for third time
Venezuelan state-owned oil company warns it might not make debt payments if investors do not subscribe to a $5.3bn debt exchange
Posted inWeb Articles
PDVSA warns about debt payments
Struggling to persuade investors to accept a $5.3bn bond swap, Venezuela’s state-owned oil company extends the deadline for the third time
Posted inWeb Articles
Deadline looms for PDVSA’s debt swap
PDVSA is hoping to persuade skeptical bondholders to participate in a $5.3 bn bond swap to help reduce its debt payments and ward off worries off a default