Elliott’s Citgo bid sets up investors for rare win


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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read