The Petroleos de Venezuela SA bond that matured in 2020 has emerged as the lone bright spot in the US$60bil pile of defaulted Venezuelan government and oil bonds. — Bloomberg
CARACAS: Venezuela’s state oil company hasn’t paid bondholders a dime in the last five years. Yet, investors who’ve held on to one particular security are getting ready for a massive payoff.
The Petroleos de Venezuela SA (PDVSA) bond that matured in 2020 has emerged as the lone bright spot in the US$60bil pile of defaulted Venezuelan government and oil bonds.
