Venezuela knocks on the door of international banks and promises to respect debt payments

Wednesday, July 9th 2014 - 07:32 UTC

Full article 9 comments

After slamming international banks for more than a decade, the Venezuelan government met with investment bankers to try to change the perception of risk associated to the country and prepare the scenario for upcoming economic measures. Read full article

Comments

Disclaimer & comment rules

ElaineB
The Bolivarian dream of isolation from the capitalist world seems just that; a dream.
Jul 09th, 2014 - 08:08 am - Link - Report abuse 0
-+
reality check
Invest in Venezuala, after years of this regime.

Are you having a larf!!!!
Jul 09th, 2014 - 08:44 am - Link - Report abuse 0
-+
yankeeboy
You'd think they'd be talking to The Bank of the South that Chavez started a decade ago.
I wonder why they just don't get a loan from them?

snicker
Jul 09th, 2014 - 10:21 am - Link - Report abuse 0
-+
Conqueror
Is Venezuela “learning” from argieland? How to be a bigger and “better” crook?
Advice for potential investors. Make the payouts required crippling. Let's suppose that the “normal” yields from bonds run at around 12.7%. Then demand 40%. But on the basis that dividends will be banked and remain untouched. If the country plays by the rules throughout, perhaps 27% of the dividends could be returned. Call it “security”. Call it not relying on getting Judge Griesa. Avoid 12 years of litigation. Make sure that Venezuela has already admitted being crooked. Insist on New York law.
Jul 09th, 2014 - 10:32 am - Link - Report abuse 0
-+
Chicureo
Oh, what about just investing in 4% bonds from Europe instead.
Jul 09th, 2014 - 12:04 pm - Link - Report abuse 0
-+
ilsen
Are we seeing the beginning of the end of this failed experiment?

Who the hell is going to lend to these idiots anyway? They have already mortgaged the next 25 years of oil wealth to China, with nothing to show for it.

I hope the collapse of this crappy, corrupt administration comes soon.
Jul 12th, 2014 - 11:53 am - Link - Report abuse 0
-+
Troy Tempest
“Bump” for more exposés
Jul 13th, 2014 - 12:27 am - Link - Report abuse 0
-+
ilsen
”Between October and November, Venezuela and state-owned PDVSA (oil co.) have to pay close to 7 billion dollars in debt amortization and interest, according to Barclays Capital.
Many analysts doubt that the government has the funds to make those payments” Really? Quelle surprise!
They also need to pay the airlines... According to the International Air Transport Association, the overall airline debt already surpasses US$4.2 billion, almost a fifth of the country’s international reserves.
Brazilian newspaper Valor Economico reported in March that Venezuelan public-sector companies already owe Brazilian companies as much as $2.5 billion.
The list goes on.....
Jul 13th, 2014 - 01:40 pm - Link - Report abuse 0
-+
Troy Tempest
...and didn't they “lend” CFK $3b they'll never see again??
Jul 13th, 2014 - 03:45 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!