Rating agency expects commercial borrowing in LatAm and Caribbean to decline 5% to $458 bln in 2021
Category: Venezuela
Posted inDaily Brief
IMPSA seeks to restructure debt
Argentine power plant builder wants to prolong payments and sell shares in an IPO to finance a return to growth
Posted inDaily Brief
PDVSA’s 2020 bonds ruled valid by US court
Ruling is a setback for the Guaidó government as investors are blocked by US sanctions
Posted inDaily Brief
Venezuela’s Maduro administration makes offers to bondholders
A deal seeks to stop the clock on the statute of limitations governing the ability of creditors to file lawsuits over defaulted missed payments on government debt
Posted inDaily Brief
US Treasury prohibits transactions tied to PDVSA bond through July 22
OFAC says no transactions tied to 2020 bonds allowed
Posted inDaily Brief
Venezuelan opposition critical of Maduro’s $5 bln IMF plea
Opposition sees ulterior motives in Maduro’s COVID-19 loan request
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Fall in oil prices sends shock waves through LatAm markets
Ecuador and Colombia feel the fallout from a spat between Russia and Saudi Arabia
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CAF to require members in economic distress to swap shares for debt – internal document
Venezuela would be the first country affected by the rule, sources say
Posted inDaily Brief
Bladex names new CEO
Jorge Salas leaves Banesco’s US operations to take over the Panama-based trade finance bank in March
Posted inDaily Brief
Fitch downgrades CAF
Rating agency cuts the South American development bank to A+ on exposure to Venezuela, Argentina and Bolivia