Former Cleary Gottlieb partner Lee Buchheit has said holdout creditors present a “potentially debilitating” risk
Category: Venezuela
Posted inDaily Brief
PDVSA ad-hoc board confirms bond payment
State-owned oil company will make the May 27 deadline, rather than risk losing control of Citgo
Posted inDaily Brief
Venezuelan protests fail to inspire investors
Bond buyers prefer to wait and see how the political crisis plays out, source says
Posted inDaily Brief
Peru could follow Chile with green bond
Sovereign issuer could set the stage for renewable energy projects to issue notes in the international market
Posted inMagazine
Chile’s Velasco says more pragmatism, less ideology can solve economic problems
Policies must be enforceable, transparent and flexible to tackle economic challenges, says Chile’s former finance minister
Posted inMagazine
World Bank’s Familiar says more political consensus needed to achieve prosperity
More action and less discussion are needed to achieve economic and social improvements, says World Bank expert on Latin America
Posted inDaily Brief
Funds size up oil investments in Venezuela
Venezuela’s petroleum industry needs at least $30bn to increase production, source says
Posted inDaily Brief
Citgo’s ratings buckle under PDVSA pressure
Houston-based refiner faces a downgrade as change-in-control risk compounds rising refinancing risks, source says
Posted inDaily Brief
PDVSA seeks syndicated loan
Venezuela’s state-owned oil company could borrow money to make a $70m coupon payment in April, sources say
Posted inDaily Brief
S&P could drop PDVSA
Rating agency does not have access to the Venezuelan state-owned oil company’s financial statements, source says