DCM Return Seen as Necessity for Vene

May 13, 2013

Facing shrinking options to attract foreign capital, Venezuela is expected to return to the international bond market. Investors and analysts are concerned about the effect of additional supply on the current assets, with some seeing liability management as the safest move. “It would be expensive for Venezuela or Petroleos de Venezeula (PdVSA) to issue and they would rather not issue if they can avoid it. If they issue debt, it will hurt their numbers. Doing...

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