PDVSA Bonds, CDS Gap Out on Exxon News

Feb 11, 2008

PDVSA’s bonds and CDS widened significantly on Thursday and Friday of last week as trading desks digested the news of an injunction awarded to Exxon in several international courts, including in the UK and the Netherlands, to freeze $12bn of the...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management