PDVSA to Buy Back Project Debt

PDVSA to Buy Back Project Debt

Bonds

Venezuela’s PDVSA has reached a lock-up agreement with bondholders to buy back 77.23% of the $756m in outstanding debt from the Petrozuata heavy oil project. The deal covers Petrozuata's 7.63% of 2009 series A, 8.22% of 2017 series B, and 8.37% of 20

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