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Montevideo, February 1st 2023 - 11:52 UTC

Tag: Creditors demanding payment

  • 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.