Re: In five days the bonds backed by the already committed Citgo, Venezuela's most precious asset abroad, expire

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thelongrunner

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Re: In five days the bonds backed by the already committed Citgo, Venezuela's most precious asset abroad, expire

in response to

In five days the bonds backed by the already committed Citgo, Venezuela's most precious asset abroad, expire

ifeelyellow

posted on Apr 23, 2019 04:58PM

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Pdvsa 2020 bonds put 'jewel in the crown' at risk
In five days the bonds backed by the already committed Citgo, Venezuela's most precious asset abroad, expire

Pdvsa 2020 bonds put 'jewel in the crown' at risk

Another deadline for the payment of debt expires in less than a week, this April 27, it is about the interests of 71 million dollars in the PDVSA 2020 bond. The default would unleash a legal plot between the creditors of the subsidiary of Petróleos de Venezuela.

Pdvsa 2020 bonds are backed by Citgo, Venezuela's most important asset abroad, with three refineries and the largest network of service stations in the United States, the main buyer and most reliable payer of Venezuelan oil so far.