Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 23rd 2024 - 13:50 UTC

Tag: Venezuela Default

  • Tuesday, December 18th 2018 - 09:35 UTC

    Creditors demanding payment of US$ 1.5 billion Venezuelan bond in default

    Five investment funds have demanded that Venezuela pay the principal and outstanding interest on its 2034 bond, said Mark Stancil of Robbins Russell

    A group of creditors has demanded payment on a US$ 1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation. President Nicolas Maduro’s government and state-owned companies owe nearly US$ 8 billion in unpaid interest and principal following this year’s default on bonds amid a hyperinflationary collapse of the country’s once-wealthy socialist economy.

  • Wednesday, February 14th 2018 - 09:48 UTC

    PDVSA bonds should be traded as in default, recommends EMTA

    The move follows a similar advisory issued by EMTA on sovereign bonds and is likely to extinguish any lingering belief that Caracas might avoid a PDVSA default

    Emerging markets trade group EMTA has recommended that bonds issued by Venezuela’s state-owned oil firm PDVSA should be traded flat or without accrued interest, the way bonds in default are typically traded.